Jakarta (ANTARA) – The Indonesia Oil Palm Plantations Fund Management Agency (BPDP-KS) remains unswerving in its endeavors to attain the target of small-scale palm oil plantation rejuvenation that will span an area of 180 thousand hectares in 2021.
“The target of small-scale plantation rejuvenation in 2021 would cover 180 thousand hectares of area, with funding allocation of Rp5.567 trillion,” Chief of BPDP-KS’ Steering Committee, Airlangga Hartarto, stated here on Saturday.
The agency will also support the implementation of the B30 biodiesel mandatory policy in 2021, Hartarto who concurrently the coordinating minister for economic affairs, remarked.
Hartarto noted that BPDP-KS and all stakeholders in the palm oil sector will design a more effective and efficient mechanism to achieve the target.
In addition, the government has continued to encourage the implementation of the B30 biodiesel mandatory policy, with allocation target set at 9.2 million kilo liters.
The palm oil rejuvenation plan aims to maintain stability in the price of Crude Palm Oil (CPO) and surplus of non-oil and gas trade balance, wherein the exports of palm oil and its derivative products contributed 12 percent of the trade.
With this commitment, the government is expected to achieve the target of securing 23 percent of its primary energy from renewable sources by 2025 in the energy mix program of the National Energy Policy (KEN), Hartarto stated.
Source: Antara News