JAKARTA. PT Jhonlin Agro Raya Tbk (JARR) has signed an agreement with PT Pertamina Patra Niaga to supply biodiesel / Fatty Acid Methyl Ester (FAME).

Temmy Iskandar, JARR Finance Director, said that the contract is valid from January 1 to December 31, 2024. The work completion period will be valid for a maximum of 180 calendar days.

"The estimated value of the contract is IDR 1.65 trillion excluding VAT," said Iskandar, in his official statement.

According to idnfinancials.com data, the HGU (Hak Guna Usaha) land owned by JARR is 27 thousand hectares, with plans for around 22 thousand hectares of land to be planted. Currently, the company's main market share for biodiesel is Pertamina Patra Niaga, PT Exxon Mobil Lubricant Indonesia, and PT AKR Corporindo Tbk (AKRA).

"JARR's main market share is meeting government needs, namely B100 for Pertamina Patra Niaga," explained JARR Management, in its official statement at the end of last year. (KR/LM)