<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/0ac0f7f8-ebed-4977-a113-2352d969b6be/01F72393-CCBD-4483-BE4E-8FD1E38CD625/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://deforestationwatch.org/index.php/Latest/Indonesia-Biofuel-sector-awaits-pricing-formula.html" href="http://deforestationwatch.org/index.php/Latest/Indonesia-Biofuel-sector-awaits-pricing-formula.html" style="font-size: 11px;">deforestationwatch.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://deforestationwatch.org/index.php/Latest/Indonesia-Biofuel-sector-awaits-pricing-formula.html"><table background="undefined" bgcolor=""><tr><TD width="100%" class="contentheading">Indonesia Biofuel sector awaits pricing formula </TD></tr></table></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://deforestationwatch.org/index.php/Latest/Indonesia-Biofuel-sector-awaits-pricing-formula.html"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/deforestationwatch.org/img/940A8A36-B07F-4CA9-B0A5-75B482696EA6" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://deforestationwatch.org/index.php/Latest/Indonesia-Biofuel-sector-awaits-pricing-formula.html"><P>Indonesia is not ready to implement a price formula for biofuel slated for June, an energy ministry official said on Wednesday, which spells a blow for the fledging biodiesel industry in the world's top palm oil producer.<BR /></p> <P><DIV>The biodiesel industry is expected to play a key role in absorbing growing palm output in Indonesia, but as feedstock prices become more expensive than fossil oils, it is difficult for the industry to expand without government support.</DIV></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://deforestationwatch.org/index.php/Latest/Indonesia-Biofuel-sector-awaits-pricing-formula.html">"We initially planned to implement the pricing formula on June 1 and everything is ready. But the presidential decree on energy subsidies has not been signed yet," Evita Legowo, director general of oil and gas at the energy ministry, told reporters without elaborating on a likely new timetable.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://deforestationwatch.org/index.php/Latest/Indonesia-Biofuel-sector-awaits-pricing-formula.html"><DIV> President Susilo Bambang Yudhoyono needs to sign a decree to allow biofuel to be subsidised as is the case with fossil fuels.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/01F72393-CCBD-4483-BE4E-8FD1E38CD625/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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