Riau Optimizes B20 Mandatory to Enhance Economic Growth

THE expanded B20 mandatory program is believed will boost and create a multiplier effect in Riau Province.

Riau Optimizes B20 Mandatory to Enhance Economic Growth
THE expanded B20 mandatory program is believed will boost and create a multiplier effect in Riau Province. It is expected to increase local income from crude palm oil (CPO) production. “I strongly believes that expanded B20 mandatory program will increase our income. That could be generated from oil and gas revenue sharing fund,” Indra Lukman Agus, Head of Energy and Mineral Resources Office of Riau Province said in Pekanbaru, (22/10/2018). Riau is one of the top palm oil producing province in Indonesia, majoring in CPO production. It is different to other palm oil producing provinces that focus on derivative products. Recently, Riau is attempting to be a major B20 supplier to industry. Indra said regional-owned enterprises (BUMD) may run this business and it could be one of the local source income. However, the local government finds it difficult to realize because of funding problem. “We already have technology and human resources, but funding is yet to be ready.” *** (Source: Antara Riau)