Indonesia To Invest $20 Billion For Biofuel

Indonesia’s energy minister said Aug. 3 the country had targeted six million hectares ( 14, 826 million acres) to develop its biofuel industry in efforts to remedy the country’s reliance on oil. Indonesia’s energy and mineral resources minister, Purnomo Yusgiantoro, said the land allotment would see investments in biofuel projects amount to $20 billion.