Biofuel
Posco International has completed the full value chain of its palm oil business by acquiring a 65.72 percent stake in Indonesian plantation firm Sampoerna Agro for $566 million. The total investment is expected to reach $862 million due to a mandatory tender offer for minority shares. The deal adds 128,000 hectares to its operations, bringing the total global agricultural base to 150,000 hectares.
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Indonesia's government targets nationwide implementation of 10% ethanol-blended gasoline (E10) by 2027 to reduce fossil fuel dependence. In a discussion at the University of Indonesia, experts affirmed E10's safety for modern vehicles while highlighting the need for a clear roadmap and regional synergy. They also recommended hydrous bioethanol for economic and environmental efficiency.