REenergize
REenergize

HUMI acquires $6M tanker to meet methanol demand driven by B35 policy

jlane November 13, 2023

In Indonesia, PT Humpuss Maritim Internasional Tbk., known by the stock code “HUMI,” an issuer engaged in the energy transportation and integrated maritime services segment, has expanded its fleet with the acquisition of an $6 million Oil & Chemical Tanker optimized to meet the market demand for the biodiesel base material B35, namely methanol.

The surge in methanol demand is a consequence of the implementation of Government Regulation No. 33 of 2023 regarding energy conservation, wherein the government aims to raise the percentage of vegetable oil fuel blending in Diesel Fuel (BBM) from 30% (B30) to 35% (B35). With the growing need for vegetable oil fuel, the demand for methanol as its essential component has also risen.

Categories: Fuels
Tags: , ,

Related Articles

Report

Harassment or bullying behavior
Contains mature or sensitive content
Contains misleading or false information
Contains abusive or derogatory content
Contains spam, fake content or potential malware

Block Member?

Please confirm you want to block this member.

You will no longer be able to:

  • See blocked member's posts
  • Mention this member in posts
  • Invite this member to groups
  • Message this member
  • Add this member as a connection

Please note: This action will also remove this member from your connections and send a report to the site admin. Please allow a few minutes for this process to complete.

Report

You have already reported this .