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Indonesia Doubles E20 Bioethanol Target to Cut Oil Imports

Bloomberg Markets •
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Indonesia is doubling its 2028 bioethanol-blending target to 20%, accelerating President Prabowo Subianto's push to reduce reliance on fuel imports. Coordinating Minister for Food Affairs Zulkifli Hasan said authorities are preparing about 2 million hectares across Java, Sumatra, Kalimantan and Papua for sugarcane cultivation after a meeting with the president in Jakarta late Wednesday. Sovereign wealth fund Danantara will develop ethanol-processing facilities to support the expanded mandate.

The move aims to curb costly oil imports and boost domestic agricultural production under the new administration's food and energy security agenda.