| Oil palm plantations is a core
business of FBP. Its aim is to garner the best land in for
Indonesia is blessed with a vast amount of fertile land
that allows the country to develop oil palm plantations
as a prime mover of economic growth. In 2006, Indonesia
supplied 22% of the world's total vegetable oils and fats.
The Indonesian Oil Palm Entrepreneur Union has now predicted
that by 2010, Indonesia will be the world's number one palm
The major concerns regarding shrinking supplies of non-renewable,
fossil-based fuels and corresponding environmental preservation
have presented a major market potential for development
of alternative clean energy resources. Biofuel is now considered
to be the next large resource that will replace fossil based
fuel. Demand for green fuel is expected to become strong
in Europe and America where the pressure to find clean,
renewable energy is mounting daily. The European Union,
for instance, targets a 5.75% and 20% rate of biofuel usage
in that region by 2010 and 2020. The continuing rise in
the price of fossil fuel will only add to the faster use
of alternative clean energy resources in Indonesia. Such
resources are considered practical already, and their use
is fully supported by the House of Representatives.
Of the different types of vegetable oils, CPO is the most
suitable candidate to be processed into biofuel. CPO has
lower unit costs and greater substitution properties.
The Indonesian Government has also responded to the new
energy trend with a Presidential Decree (Inpres No 1 Tahun
2006) on the Supply and Utilization of Bio-Fuel.
In response to the Decree, FBP is supporting the government
in the development and utilization of biofuel and is now
ready to enter this lucrative market. Supported by decades
of experience and numerous dedicated experts in the oil
palm plantation industry, as well as vast plantation areas
and the utilization of high quality oil palm seeds, FBP
can achieve a significant production level and cater to
this new huge demand.
FBP has already reserved vast lands for plantations in Kalimantan