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Indonesia sets palm biofuel plant condition for jet purchases from US, France -minister [Reuters]

Boeing Company (The) (BA) 
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Company Research Source: Reuters
Indonesia sets palm biofuel plant condition for jet purchases from US, France: minister | Reuters Reuters Staff 3 Min Read JAKARTA (Reuters) - Indonesia has asked for its companies to be allowed to build palm oil jet fuel plants in the United States and France as a condition for its airlines to buy Boeing Co and Airbus SE planes, its trade minister said. This marks the latest effort by the world’s biggest palm oil producer to find ways to help mop up output of the tropical oil, its second-largest export, that is increasingly unwelcome in the European Union (EU) and United States given environmental and competitive concerns. Home to the world’s third-largest expanse of tropical forests, Indonesia faces pressure to limit destruction of forests, particularly growing on carbon-rich peatlands, that are at risk from rapidly expanding palm and mining sectors. EU negotiators in June agreed to phase out use of palm oil in transport fuels from 2030 due to concerns over high indirect greenhouse Show less Read more
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