National Companies Show Interest in Biodiesel Factory
In response to the government’s expanded B20 program launched on 1 September 2018, some national private companies are interested in developing biodiesel. One of them is PT Mahkota Groups Tbk (MGRO) that is planning to establish biodiesel factory in the near future.
In response to the government’s expanded B20 program launched on 1 September 2018, some national private companies are interested in developing biodiesel. One of them is PT Mahkota Groups Tbk (MGRO) that is planning to establish biodiesel factory in the near future. “MGRO is planning to produce palm oil derivative products in the near future, including biodiesel. This is a response to the government’s expanded B20 program. By 2019 or 2020, MGRO will establish biodiesel factory using own fund and bank credit,” President Director of MGRO Usli Sarsi told the press in Jakarta, Monday (1/10/2018). MGRO has established a cooking oil factory and kernel crushing plant in Dumai, Riau. `The refinery installation has daily capacity of 1.500 tons,” Usli said. For the new mill, MGRO has invested Rp300 billion. About Rp90 billion of them was financed by initial public offering and the rest by using its own cash. ***
