Indonesia to invest $1.2B in methanol plant to service the biodiesel industry

In Indonesia, Antara news agency reports the government plans to invest $1.2 billion in a methanol plant to service the biodiesel industry. Currently, about 80% of methanol consumption is imported. The 800,000 metric ton facility will be located in East Java. As the government continues to increase the biodiesel blending mandate, demand for methanol will continue to rise. By increasing the biodiesel blend to 50%, the country can supply its own diesel needs and won’t need to import.