EnergyPalm oil biodiesel makes volatile bet for Indonesia's Pertamina
Cost and ESG risks threaten state energy company's low-carbon pivot
Indonesia and Malaysia, the world's top palm oil producers, face criticism over the industry's environmental cost. © Reuters
KOYA JIBIKI and ERWIDA MAULIA, Nikkei staff writers
February 16, 2021 07:25 JST
JAKARTA -- Indonesian state energy company Pertamina has committed to palm oil biofuel as it follows the global shift away from fossil fuels, but high costs and international pressure over the industry's deforestation show this approach carries its own risks.