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RTRS - Indonesia palm refining capacity to jump 21 pct - industry

Posted by Flora Sawita


JAKARTA, Nov 7 (Reuters) - Palm oil refinery capacity in Indonesia, the world's top producer of the edible oil, will rise 21 percent by the end of this year to 25 million tonnes, an industry group said on Wednesday, and increase to 30 million tonnes next year.

"It is estimated that investment in the palm oil downstream industry may reach $2.03 billion from early 2013 to 2015," Sahat Sinaga, executive director of the Indonesian Vegetable Oil Refiners Association, told reporters.

"All these investments are driven by our existing policy on boosting the palm oil downstream industry."
Indonesia slashed export duties for processed oil in October last year, in an effort to boost investments in processing and create more jobs in the sector.

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