Breaking News-RTRS-Pertamina to buy palm oil from state firms for biofuel

JAKARTA, April 8 (Reuters) - Indonesia's state plantation firms plan to supply state oil firm Pertamina with 300,000 tonnes of palm oil-based biofuel per year from their new jointly owned biofuel plant, a company president director said on Thursday.
The biofuel plant owned by the consortium -- which consists of state plantation firms PT Perkebunan III, PT Perkebunan IV, and PT Perkebunan V -- will cost about 500 billion rupiah ($55.28 million) to build and will have capacity of up to one million tonnes within five years, officials said.