WATCHING THE WORLD: The switch to biofuels

Is the day approaching when countries around the globe will switch from oil and natural gas to biofuels? Some already are touting the switch, but it could prove costlier than they think. Consider Indonesia, a member of the Organization of Petroleum Exporting Countries, where state-owned electricity company PT Perusahaan Listrik Negara (PLN) plans to operate biofuel-fired power plants next year.With a combined capacity of 58 Mw, the plants-to be built in several regions such as Lampung, West Nusa Tenggara, East Nusa Tenggara, and South Kalimantan-would use palm oil as their main energy source.Alhilal Hamdi, chairman of Indonesia’s National Biofuel Development Team, who is also presid...

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