Indonesia to Offer Incentives for Ethanol Plant Investors
Indonesia's Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that the government will provide incentives to companies investing in ethanol production facilities.
This move aims to support the country's plan to introduce mandatory 10% bioethanol fuel blending by 2027.
“There will definitely be incentives, possibly tax holidays, and of course, a guaranteed market,” Bahlil said.
- Possible incentives include tax holidays and a guaranteed market.
- Investors from Brazil may be involved in developing ethanol plants in Indonesia.
Discussions with Brazilian investors are ongoing after the signing of a memorandum of understanding between the two countries.
Author's summary: Indonesia offers incentives for ethanol plant investments.
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