Indonesia CPO Fund agency starts operations, to help increase bio diesel production

The Indonesian government has launched the Plantation Fund Management Agency, which collect the tax and manage the crude palm oil fund.
The fund that will be collected from palm oil companies, will be used to support the palm oil sustainability development program, including boosting of the bio diesel production in the country.
The new body, also known as the CPO Fund Agency, will collect CPO export levy starting from July 16 and can potentially generate around Rp10 trillion ($751.88 million) per year.»