Jakarta, Nov 28 (Antara) - Under obligation to implement the government's mandatory biofuel mix of 20 percent diesel fuel, state-owned oil/gas firm Pertamina has predicted that it will have pure diesel production surplus of about 400 thousand tons per month.
The government, through the Energy and Mineral Resources Ministry (ESDM), has over the past two years issued a regulation requiring Pertamina to implement a mandatory biofuel mix of diesel oil.
The mandatory biofuel mix policy is expected to have broad implications such as the absorption of 5.3 million kiloliters of biodiesel, which is some 4.8 million tons of the country's crude palm oil (CPO) production, and the retrenchment of US$2.54 billion of foreign exchange from fossil fuel import cuts.
The government through the ESDM minister's regulation number 12/2015 has raised the mandatory biofuel mix of diesel from 10 percent (B10) in 2014 to 15 percent (B15) this year.
It is planning to raise it further to 20 percent (B20) in 2016.
For this purpose, Pertamina established a partnership with 11 biodiesel producers to meet the need for the fuel from November 2015 to April 2016.
The partnership is established as part of Pertamina's efforts to meet the government's mandatory biofuel mix, according to Pertamina's Corporate Communication Vice President Wianda Pusponegoro before the signing of the agreement in Jakarta Friday (November 20).
The government has decided to raise the mandatory biofuel mix from 15 percent in 2015 to 20 percent in 2016, she said.
Through the partnership, Pertamina will get 1.84 million kiloliters of biofuel, Wianda said.
The contract was effective as of Friday, November 11, 2015 up to April 2016, Marketing and Commercial Director Achmad Bambang said on the occasion.
He appreciated the role of the 11 biofuel producers in taking part in the government's programs and in supporting the fulfillment of the mandatory biofuel mix of diesel oil.
Pertamina has been distributing biodiesel with a mix of 15 percent fatty acid methyl ester (FAME), Bambang said. Up to October 31, 2015, total absorption of FAME has reached 300 thousand kiloliters and it is expected to reach 966,785 kiloliters by the end of the year, or an equivalent of 5.98 million kiloliters of biodiesel.
Besides, Pertamina also predicts that the amount of FAME that would be absorbed would reach 5.14 kiloliters or equivalent to 26 million kiloliters of biodiesel.
The amount consists of 2.7 million kiloliters for public service obligation (PSO) needs, or for subsidized fuel, 1.26 million kiloliters for power generators and 1.12 million kiloliters for non-PSO needs. He hopes that through the cooperation all supply and needs would be met without any significant obstacles.
In the meantime, Oil Palm Plantation Fund Management Board (BPDPKS) has also channeled Rp27.9 billion in oil palm funds to six biofuel corporate bodies.
"Today, we carried out the first payment to support the B15 biodiesel program. The payment has been verified for 12,532 kiloliters palm oil fund worth Rp27.9 billion" President Director of BPDPKS Bayu Krisnamurthi said after the signing of a cooperation agreement on the financing of six biofuel companies in Jakarta on Monday (November 9).
The six biofuel company recipients are PT Wilmar Bioenergi Indonesia, PT Wilmar Nabati Indonesia, PT Musim Mas, and PT Darmex Biofuels, in addition to PT Eterindo Wahanatama and PT Pelita Agung Agri Industri.
The amount of biodiesel channeled to Pertamina and PT AKR Corporindo from August to October 2015 reached 158,411 kiloliters, Bayu said. Palm oil which was still under a verification process was 70,719 kiloliters and another 75,160 kiloliters was being prepared for verification.
The financing program is regulated through the Finance Minister's Regulation No. 133/PMK.05/2015 and ESDM Minister's Regulation No. 29/2015. This is part of the series of processes in the implementation of the 15 percent mandatory biofuel mix (B15) that began last August.
The ESDM ministry has also decided the locations for the procurement of biodiesel from November 2015 to April 2016, with a total volume of allocations of 1.87 million kiloliters that would be channeled by Pertamina and AKR Corporindo at the disposal of the 11 biofuel producers.
With the obligation to implement the obligatory biofuel program, Pertamina has predicted that its pure diesel production would have a surplus of 400 thousand per month next year.
The production surplus could be a result of several factors such as production increase after the completion of a number of Pertamina refinery plants, Marketing and Commercial Director Ahmad Bambang explained.
One of these is the residual fluid catalytic cracker (RFCC) refinery plant in Cilacap, Central Java.
The second factor is that consumption of pure diesel oil in the domestic market is also declining due to the economic slowdown. After all that, the FAME mix is being increased from 15 percent to 16 percent next year. This will automatically reduce demand for pure diesel oil.
"So, this also confuses us. Prediction of surplus next year can reach 400 thousand per month," Ahmad Bambang was quoted by Kompas.com as saying Friday, November 20.
In order to overcome the problem, Pertamina had two options, namely exporting its pure diesel oil or selling it to state-owned electricity company PLN, he said. ***3***
(A014/INE/H-YH) (T.A014/A/BESSR/A/Yosep) 28-11-2015 18:35:2 |
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