Tunas Baru Lampung Pockets Biodiesel Booking Contracts for 110,000 Tons of End of Year

By : Hariyanto And Aldo Bella Putra | Wednesday, September 12 2018 - 18:00 IWST

Ilustrasi Kelapa Sawit (ist)
Ilustrasi Kelapa Sawit (ist)

INDUSTRY.co.id - Jakarta - The B20 usage expansion program proclaimed by the government has been a blessing for the issuer of oil palm plantations, PT Tunas Baru Lampung Tbk (TBLA), which received a contract for ordering biodiesel from PT Pertamina (Persero) and a Chinese company for 110,000 tons by the end of the year.

"Currently the company has pocketed biodiesel orders from Pertamina totaling 90,000 tons and 20,000 tons of biodiesel from a Chinese company that will be sent in two stages. The development that we feel is interesting; we used to rely only on one single buyer, Pertamina, but as of July. Order 20,000 tons from China, "Deputy President Director of Tunas Baru Lampung, Sudarmo Tasmin, told the press in Jakarta, Monday (09/10/2018).

Sudarmo assesses that the government's B20 mandatory policy has caused the company's paik utilization to increase from the current amount of 40%. Tunas Baru Lampung currently has a biodiesel production capacity of 300,000 tons per year from the company's biodiesel paik in Lampung.

"If in the future the demand for biodiesel will increase sharply, the company is also likely to optimize the company's biodiesel production capacity in Surabaya and Palembang," he said.

The increase in biodiesel orders, Sudarmo continued resulted in an increase in the company's biodiesel sales contribution from only 9% to 15% to 20% and increase the selling price of CPO.

"At present, the company's biggest sales contribution still comes from the palm oil and refined sugar business," he said.

This year, the company targets revenues of Rp9 trillion until the first semester of this year, Tunas Baru Lampung has recorded a realization of revenue of Rp4 trillion with a net profit of Rp352 billion.

News Comment

Today's Industry

 President Prabowo Welcomes Ustaz Adi Hidayat

Senin, 24 Maret 2025 - 20:39 WIB

President Prabowo Welcomes Ustaz Adi Hidayat, Representatives of Al Azhar University of Cairo at Presidential Palace

President Prabowo Subianto received a visit from Ustaz Adi Hidayat and representatives from Al Azhar University of Cairo at the Presidential Palace, Jakarta, on Friday (03/21). The meeting proceeded…

Jababeka Bizzpark

Senin, 24 Maret 2025 - 20:32 WIB

Jababeka Bizpark Officially Conducted Groundbreaking and Ready for Handover in 2025

AFTER receiving extraordinary interest from foreign and domestic businessmen and investors, Jababeka finally officially conducted the groundbreaking of the Jababeka Bizpark multipurpose commercial…

PT Jababeka Infrastructure (KIJA)

Senin, 24 Maret 2025 - 20:27 WIB

Jababeka Industrial Estate (KIJA) Wins Green PROPER Award from the Ministry of Environment and Forestry for Two Consecutive Years

PT Jababeka Tbk, through one of its subsidiaries PT Jababeka Infrastruktur as the manager of the Jababeka Industrial Estate, has again been awarded the 2024 Green Corporate Performance Assessment…

HOKI Successfully Records Sales of IDR 1.29 Trillion in 2024

Senin, 24 Maret 2025 - 20:19 WIB

HOKI Successfully Records Sales of IDR 1.29 Trillion in 2024

Dailymeal Products Sales Grow 114.05% A well-known rice producer under the brand name 'Topi Koki' listed on the Indonesia Stock Exchange PT Buyung Poetra Sembada, Tbk., (HOKI) managed to record…

Indonesia Showcases High-Quality Fabrics at Intertextile Shanghai: Strengthening Footprint in the International Market

Sabtu, 22 Maret 2025 - 07:25 WIB

Indonesia Showcases High-Quality Fabrics at Intertextile Shanghai: Strengthening Footprint in the International Market

The Consul General of the Republic of Indonesia in Shanghai, Berlianto Situngkir, together with the Indonesia Trade Promotion Center (ITPC) Shanghai, attended the Intertextile Shanghai Apparel…