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Indonesia’s B40 Policy and the Shifting Dynamics of Glycerine Markets

Indonesia’s B40 biodiesel policy, effective January 2025, diverts 15.6 million kiloliters of palm oil to fuel blending, reshaping global glycerine markets. Refined glycerine prices dropped to USD 800–1,000 per ton in 2025, while palm oil averaged USD 800–1,100 per ton. With China and India driving over 50% of exports, R&D and value-added innovation are key to stabilizing supply, prices, and demand in the biodiesel–oleochemical sector....