Fri, 11 Mar 2011
Bio-chemical industry needs serious management: minister

From: Antara News

Jakarta (ANTARA News) - Industry Minister MS Hidayat said that the development of bio-chemical industry in Indonesia needed serious and optimal management.

"The development of bio-chemical industry in Indonesia needs a serious management because it has not yet become a favorite sector for investors," the minister said when he opened an international seminar "From Petrochemical to Bio Chemicals" here on Wednesday.

The minister said that although Indonesia was the world`s biggest crude palm oil (CPO) producer, yet the number of businesses processing CPO into a bio-chemical by-product was still small.

This could be seen, he said, from the fact that CPO product produced in Indonesia did not reach the down stream industry.

Whereas in a number of countries in Asia, the development of biochemical industry has begun to increase such in India and China.

He cited India as an example which he said had developed biochemical as a fuel oil product and as a raw material for chemical industries, both upstream and down stream industries.

"The same is true to China, which has been processing CPO into a biodiesel product," he said.

The minister said that the development of biochemical industry would increase the added value of vegetable products such as CPO and produce raw material substitutes for petrochemical industry.(*)





News Search/Filter
Transaction Rates
20 Nov 17
Buy
Sell
AUD1
10,594.70
9,838.20
BND1
10,336.72
9,596.38
BTC1
107,632,181
107,632,181
CAD1
10,961.01
10,176.52
CHF1
14,193.65
13,175.25
CNH1
2,111.88
1,961.05
DKK1
2,210.89
2,052.91
EUR1
16,454.61
15,276.50
GBP1
18,504.25
17,180.04
HKD1
1,795.76
1,667.73
JPY100
12,529.25
11,634.07
LAK1
1.69
1.57
NOK1
1,697.42
1,575.85
NZD1
9,542.53
8,859.72
PGK1
4,489.28
3,947.79
SEK1
1,661.40
1,542.42
SGD1
10,336.72
9,596.38
THB1
427.71
396.98
USD1
14,029.00
13,029.00
VND1
0.62
0.57
Taxation Exchange Rates
31 Aug 16 - 06 Sep 16
USD 1
13,232.00
AUD 1
10,043.30
CAD 1
10,213.70
DKK 1
1,999.40
HKD 1
1,706.22
MYR 1
3,283.28
NZD 1
9,623.63
NOK 1
1,605.23
GBP 1
17,433.70
SGD 1
9,757.68
SEK 1
1,569.45
CHF 1
13,631.10
JPY 100
13,101.00
MMK 1
11.01
INR 1
197.29
KWD 1
43,920.70
PKR 1
126.23
PHP 1
285.00
SAR 1
3,528.53
LKR 1
91.12
THB 1
382.08
BND 1
9,756.53
EUR 1
14,885.50
CNY 1
1,987.61

Okusi Associates: Indonesian Business & Management Services