Behind the Cancellation of Green Refinery Cooperation Between Pertamina and Eni

2021 ◽  
Vol 2 (2) ◽  
pp. 123-138
Author(s):  
Muhammad Fauzi Abdul Rachman ◽  
Yanyan Mochamad Yani ◽  
Ian Montratama
Keyword(s):  
Significant Role ◽  
Palm Oil ◽  
Levels Of Analysis ◽  
Crude Palm Oil ◽  
Political Situation ◽  
Italian Government ◽  
Government Decision ◽  
The Eu

Pertamina and Eni faced double strike problems. The Italian government did not grant the license for building Indonesian crude palm oil (CPO) based green finery to Eni-Pertamina as most Indonesian CPO producers do not possess RSPO certificates and the EU restricts the use of CPO. The policies resulted in opportunities loss for Pertamina and Eni in 2019. This qualitative paper examined the logical reasons behind the Italian government decision by two levels of analysis, domestic and regional locus. The finding shows that domestically, political circumstances among parties and figures, other than CPO commodities farmers, played a significant role in the cancellation. The historical instability in Italy domestic political situation also brought it closer to revocation. On another level, the ups and downs of Italy-the EU relations before and during Conte I and Conte II government were a regional reason behind it.

scholarly journals Optimization of Crude Palm Oil Fund to Support Smallholder Oil Palm Replanting in Reducing Deforestation in Indonesia

2019 ◽  
Vol 11 (18) ◽  
pp. 4914 ◽  
Author(s):  
Fitri Nurfatriani ◽  
Ramawati ◽  
Galih Kartika Sari ◽  
Heru Komarudin
Keyword(s):  
Financial Institutions ◽  
Significant Role ◽  
Palm Oil ◽  
Land Tenure ◽  
Government Policy ◽  
Oil Industry ◽  
Crude Palm Oil ◽  
Access To Finance ◽  
Fiscal Incentives ◽  
Derivative Products

Smallholders play a significant role in the Indonesian palm oil industry. They cultivate more than 40% of the total plantation area, and their production contributes to the national revenue. However, despite their significant role, smallholders continue to face crop management, financial and environmental challenges. The fact that some smallholder plantations are illegally located in state forestland poses challenges for smallholders as regards getting access to finance, improving yields, and obtaining sustainable certification. Government policy on the collection of levies from exported crude palm oil (CPO fund) and its derivative products provides smallholders the opportunity to replant and support their sustainable practices, thereby reducing deforestation. This paper discusses how fiscal incentives of the CPO fund may have been optimized to prioritize these outcomes. We should prioritize the use of the fund not only to support smallholder replanting, but also to clarify their land tenure rights, so that they could get access to sustainable certification and financial institutions. It is also recommended that funds be allocated to subsidize loan interest to the bank and build productive capital during the grace period. These efforts have to be accompanied by building and improving smallholder databases and strengthening local government.

scholarly journals PENGARUH HAMBATAN NONTARIF DI PASAR UNI EROPA TERHADAP EKSPOR KOMODITAS CPO INDONESIA

2020 ◽  
Vol 8 (1) ◽  
pp. 86
Author(s):  
Satria Arif Gumelar ◽  
Muhammad Irfan Affandi ◽  
Suriaty Situmorang
Keyword(s):  
European Union ◽  
Central Bank ◽  
Palm Oil ◽  
Primary Data ◽  
Trade Barriers ◽  
Crude Palm Oil ◽  
Literature Study ◽  
Tariff Barrier ◽  
Research Show ◽  
The Eu

This research aims to analyze which trade barriers are implemented by European Union (EU) on Indonesian Crude Palm Oil (CPO) commodity and did the non-tariff barrier named “Report on Palm Oil and Deforestation of Rainforrest” which has been ratified by the European Comission (EC) have a significant effects on Indonesian CPO export or not. This research used literature study method with secondary and primary data obtained from BPS, Indonesian National Export Development Agency, Central Bank of Indonesia, Eurostat, WTO, FAO, PASPI, Indonesian Ministry of Agriculture, Indonesian Ministry of Trade and Indonesian Palm Oil Assosiation (IPOA). The results of this research show that the EU has implemented non-tariff barriers on Indonesian CPO since 1905 with various kinds of issues such as health, social and environment. The non-tariff barrier which has been ratified in April 2017 by the European Comission did not significantly affect on Indonesian CPO export.Key words: CPO, European Union, Non-tariff Barriers.

The Analysis of Potential of Straw Mushroom Development by Using Empty Fruit Bunches Material in Lampung Province

2019 ◽  
Vol 1 (2) ◽  
Author(s):  
Sarono Sarono
Keyword(s):  
Palm Oil ◽  
Efficiency Ratio ◽  
Crude Palm Oil ◽  
Production Scale ◽  
Empty Fruit Bunches ◽  
Straw Mushroom

The empty fruit bunches (EFB) are by-product of crude palm oil (CPO) production, and it is not widely used optimally. One of products produced from EFB with development potentials is straw mushroom. The objective of this research was to analyze the potentials of EFB material and straw mushroom based on EFB material in Lampung province. The result showed that the EFB potential in Lampung province was 111,144 ton annually and straw mushroom was 4,835 ton annually. The biology efficiency ratio of EFB into straw mushroom in production scale was averagely 3.93%. Districts having potentials for developing straw mushroom business by using EFB material were Mesuji, Middle Lampung, Tulang Bawang, Way Kanan, and North Lampung.

EFFECTIVE CROSS HEDGING: EVIDENCE FROM PHYSICAL CRUDE PALM OIL AND ITS INTER-RELATED AGRICULTURAL FUTURES CONTRACTS

2018 ◽  
Vol 17 (2) ◽  
pp. 123
Author(s):  
Noryati Ahmad ◽  
Ahmad Danial Zainudin ◽  
Fahmi Abdul Rahim ◽  
Catherine S F Ho
Keyword(s):  
Palm Oil ◽  
Futures Contracts ◽  
Crude Palm Oil ◽  
Oil Futures ◽  
Futures Contract ◽  
Agricultural Futures ◽  
Cross Hedging ◽  
Optimal Hedge ◽  
Excessive Speculation ◽  
Chicago Board Of Trade

Since its establishment, Crude Palm Oil futures contract (FCPO) has been used to directly hedge its physical crude palm oil (CPO). However, due to the excessive speculation activities on crude palm oil futures market, it has been said to be no longer an effective hedging tool to mitigate the price risk of its underlying physical market. This triggers the need for market players to find possible alternatives to ensure that the hedging role can be executed effectively. Thus this investigation attempts to examine whether other inter-related grains and oil seed futures contracts could serve as effective cross-hedging mechanisms for the CPO. Weekly data of inter-related futures contracts from Chicago Board of Trade (CBOT) and Dalian Commodity Exchange (DCE) are employed to cross hedge the physical crude palm oil prices. The study starts from 2006 until 2016. Empirical results indicate that FCPO is still the best futures contract for hedging purposes while Chicago Soybean (CBOTBO) provides second best alternative if cross-hedging is considered. Keywords: Crude palm oil, Crude palm oil futures, Cross Hedging, Optimal Hedge Ratio, Effective Hedging

A COMPARATIVE STUDY BETWEEN UNIVARIATE AND BIVARIATE TIME SERIES MODELS FOR CRUDE PALM OIL INDUSTRY IN PENINSULAR MALAYSIA

2020 ◽  
Vol 5 (1) ◽  
pp. 374
Author(s):  
Pauline Jin Wee Mah ◽  
Nur Nadhirah Nanyan
Keyword(s):  
Time Series ◽  
Palm Oil ◽  
Moving Average ◽  
Forecast Accuracy ◽  
Peninsular Malaysia ◽  
Time Series Models ◽  
Crude Palm Oil ◽  
Univariate Time Series ◽  
Import And Export ◽  
Bivariate Time Series

The main purpose of this study is to compare the performances of univariate and bivariate models on four time series variables of the crude palm oil industry in Peninsular Malaysia. The monthly data for the four variables, which are the crude palm oil production, price, import and export, were obtained from Malaysian Palm Oil Board (MPOB) and Malaysian Palm Oil Council (MPOC). In the first part of this study, univariate time series models, namely, the autoregressive integrated moving average (ARIMA), fractionally integrated autoregressive moving average (ARFIMA) and autoregressive autoregressive (ARAR) algorithm were used for modelling and forecasting purposes. Subsequently, the dependence between any two of the four variables were checked using the residuals’ sample cross correlation functions before modelling the bivariate time series. In order to model the bivariate time series and make prediction, the transfer function models were used. The forecast accuracy criteria used to evaluate the performances of the models were the mean absolute error (MAE), root mean square error (RMSE) and mean absolute percentage error (MAPE). The results of the univariate time series showed that the best model for predicting the production was ARIMA  while the ARAR algorithm were the best forecast models for predicting both the import and export of crude palm oil. However, ARIMA  appeared to be the best forecast model for price based on the MAE and MAPE values while ARFIMA  emerged the best model based on the RMSE value.  When considering bivariate time series models, the production was dependent on import while the export was dependent on either price or import. The results showed that the bivariate models had better performance compared to the univariate models for production and export of crude palm oil based on the forecast accuracy criteria used.

PEMANFAATAN CPO ASAM LEMAK BEBAS TINGGI SEBAGAI BAHAN BAKAR

2015 ◽  
Vol 11 (1) ◽  
Author(s):  
Zulaicha Dwi Hastuti ◽  
Dwi Husodo Prasetyo ◽  
Erlan Rosyadi
Keyword(s):  
Palm Oil ◽  
Crude Palm Oil ◽  
Plant Oil

Asam lemak bebas (alb) dalam Crude Palm Oil (CPO) merupakan salah satu parameter kualitas CPO.Munculnya asamlemak bebas ini dapat berasal dari faktor pemanenan dan penyimpanan. Asamlemak bebas yang tinggi dalam CPO dapat menurunkan harga CPO. Minyak mentah sawit inimerupakan salah satu sumber energi terbarukan yang diolah, antara lain, menjadi pure plant oil (PPO)dan biodiesel. Namun,masalah utama CPO sebagai bahan baku PPO dan biodiesel adalah asamlemak bebas. Asam lemak bebas dalam CPO yang dapat digunakan untuk PPO dan biodiesel tidakboleh lebih dari 1%. Oleh karena itu, dalam penelitian ini dilakukan usaha untuk menurunkan asamlemak bebas dalam CPO sehingga dapat dimanfaatkan sebagai bahan bakar. Metoda yang digunakanadalah esterifikasi. Asam lemak bebas dikonversi menjadi metil ester. Campuran metil ester dengantrigliserida ini merupakan bahan bakar yang dapat digunakan untuk pengganti BBM. Kondisi yangoptimal untuk proses esterifikasi CPO alb tinggi adalah sebagai berikut : suhu 65oC, waktu 360 menit,katalis 0,25%, dan perbandingan mol metanol 8:1. Dengan proses ini, asam lemak bebas dapatditurunkan menjadi 2,76% (konversi 89,39%). Pada kondisi yang sama dengan katalis yangditingkatkan menjadi 0,5%, asam lemak bebas dapat diturunkan menjadi 1,86% (konversi 92,85%).Pada kondisi yang sama, dengan katalis yang ditingkatkan menjadi 1%, asam lemak bebas dapatditurunkan menjadi 1,75% (konversi 93,28%).Kata kunci: asam lemak bebas, CPO, esterifikasi, PPO, biodiesel

DAYA SAING EKSPOR PRODUK CPO INDONESIA DAN POTENSI HILIRISASI DIOLAH MENJADI BIODIESEL

2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Danar Agus Susanto
Keyword(s):  
Palm Oil ◽  
Comparative Advantage ◽  
Global Market ◽  
National Standard ◽  
Revealed Comparative Advantage ◽  
Crude Palm Oil ◽  
A Value ◽  
World Demand ◽  
Domestic Use

ABSTRACTIndonesia is the world's largest producer of crude palm oil (CPO). Even so, the trend of international trade in Indonesian CPO products has decreased in the last 10 years with a value of -10.19%. The decline in world demand for CPO can be dealt with by utilizing CPO as a biofuel for domestic use, like biodiesel. The purpose of this study is to determine the competitiveness of Indonesian CPO in global trade and determine the parameters of the quality requirements of CPO and biodiesel. The competitiveness analysis method uses the Revealed Comparative Advantage (RCA) method, while the analysis of the potential quality of CPO as a biofuel is carried out by analyzing the Indonesian National Standard (SNI). CPO trade in the global market is controlled by Indonesia with a market share of 50% and Malaysia 25.6%, with the declining trade trend in the last 10 years relatively (2010-2019) of -6.91%. The level of competitiveness of Indonesian CPO products in 2019 is very strong, but on average in the last 10 years, the level of competitiveness of Indonesian CPO is no better than that of Malaysia. Indonesia has SNI 01-2901-2006 and SNI 7182: 2015 as a determinant of the quality of CPO and biodiesel products developed in Indonesia so that the CPO and biodiesel produced fullfil sacurity and safety aspects when used by consumers.Keywords: crude palm oil (CPO), competitivenessv, quality, Indonesian National Standard (SNI) ABSTRAKIndonesia merupakan negara produsen minyak kelapa sawit mentah/ Crude Palm Oil (CPO) terbesar di dunia. Meskipun demikian, tren perdagangan internasional produk CPO Indonesia mengalami penurunan dalam sepuluh tahun terakhir dengan nilai -10,19%. Penurunan permintaan dunia terhadap CPO, dapat disiasati dengan memanfaatkan CPO sebagai bahan bakar nabati untuk keperluan dalam negeri sebagai biodiesel. Tujuan penelitian ini adalah mengetahui daya saing CPO Indonesia dalam perdagangan global dan mengetahui parameter persyaratan mutu CPO dan biodiesel. Metode analisis daya saing menggunakan metode Revealed Comparative Advantage (RCA), sedangkan analisis potensi kualitas CPO sebagai biofuel dilakukan dengan menganalisis Standar Nasional Indoensia (SNI). Perdagangan CPO dalam pasar global dikuasai oleh Indonesia dengan pangsa pasar 50% dan Malaysia 25,6%, dengan tren perdagangan relatif menurun dalam 10 tahun terakhir (2010-2019) sebesar -6,91%. Tingkat daya saing produk CPO Indonesia pada tahun 2019 sangat kuat, namun secara rata-rata dalam 10 tahun terakhir, tingkat daya saing CPO Indonesia tidak lebih baik dari Malaysia. Indonesia memiliki SNI 01-2901-2006 dan SNI 7182:2015 sebagai penentu kualitas produk CPO dan biodiesel yang dikembangkan di Indonesia, sehingga CPO dan biodiesel yang dihasilkan memenuhi aspek keamanan dan keselamatan ketika digunakan oleh konsumen.Kata kunci: crude palm oil (CPO), daya saing, kualitas, Standar Nasional Indonesia (SNI)

The Role of Italy in the Development of Energy Cooperation between Kazakhstan and the EU

2015 ◽  
Author(s):  
Lyailya Nurgaliyeva
Keyword(s):  
Significant Role ◽  
Full Text ◽  
Energy Security ◽  
Oil Field ◽  
Energy Cooperation ◽  
The Eu

This paper focuses on the contribution of Italy to the development of energy cooperation between Kazakhstan and the EU, focusing on the specific case of the Kashagan oil field. I argue that Italy, as the largest importer of Kazakhstan’s oil, can play a significant role in the diversification of energy export routes from Kazakhstan and in the introduction of new European technologies. In turn, Kazakhstan can play a prominent role in ensuring the energy security of the EU, especially after the 2014 Crimea incident. I posit that recent Italy-Kazakhstan relations shows how a medium-sized power such as Italy can be important in leading a larger block of countries into a new field of investment and development.   Full text available at: https://doi.org/10.22215/rera.v9i1.244

Kinetic models for degumming and bleaching of phospholipids from crude palm oil using citric acid and Super Flo B80® and Tonsil®

2021 ◽  
Author(s):  
Luis Miguel Serrano-Bermúdez ◽  
Camilo Antonio Monroy-Peña ◽  
Darío Moreno ◽  
Andrés Abril ◽  
Anderson D. Imbachi Niño ◽  
...  
Keyword(s):  
Citric Acid ◽  
Palm Oil ◽  
Kinetic Models ◽  
Crude Palm Oil
Sign in / Sign up

Export Citation Format

Share Document