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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Monday, 26 October 20
'LONG ASCENT' TO RECOVERY OF GLOBAL GROWTH - BALTIC EXCHANGE
The global economy has so far avoided a “financial catastrophe” but growth projections from the International Monetary Fund’s lat ...
Friday, 23 October 20
SHIPPING LOANS AND COLLATERAL DAMAGE - VICTOR ONYEGBADO, AKABOGU & ASSOCIATES
KNOWLEDGE TO ELEVATE
Shipping finance transactions are characterised by peculiar risk factors principally on account of the shipping asset&rsq ...
Friday, 23 October 20
WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY? - WOOD MACKENZIE
The 2020 elections present American voters with a choice between two radically different visions for the future of energy. President Donald Trump r ...
Wednesday, 21 October 20
BRAZIL EXPORTED 238.7 MLN TONNES OF IRON ORE IN THE FIRST 9 MONTHS OF 2020 - BANCHERO COSTA
Brazil’s iron ore exports have been gradually but steadily recovering following a disastrous winter period of 2019/2020. In the first 9 month ...
Wednesday, 21 October 20
INDIA: THE COMMERCIALISATION OF COAL BLOCKS WILL BENEFIT THE ECONOMY - HINDU BUSINESS LINE
As the government of India receives 76 bids for 23 coal mines against the 38 up on auction, what does this commercialisation of coal block allocati ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Dalmia Cement Bharat India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
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