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Page added on July 30, 2006

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Indonesia turning to biofuel as alternative energy

In the face of its depleting oil reserves and fluctuating world oil prices, Indonesia has launched an intensive biofuel production program aimed at cutting its fossil oil consumption by 10 percent in 2010.

Besides reducing dependence on fossil fuels, the cultivation of biofuel crops such as oil palm, cassava, sugar cane and jatropha curcas crops was also seen as a way to help boost local economies.
In order to make the program a success, the government called on the banking world to help provide funds for bio-energy development, including the cultivation of jatropha curcas, cassava and sugarcane.

“Banks are requested to invest in the cultivation of jatropha curcas, cassava, sugarcane so as at the same time green arid land and help boost rural economic growth,” Minister/State Secretary Yusril Ihza Mahendra said after a meeting held at his office to discuss the development of alternative energy.


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