Palm Derivatives
Palm Oil Shapes the Nation's Golden Economic Future "Indonesia Emas 2045"

28 June 2024
Table of Content
- Job Creation through RBD Palm Olein Production
- Strategic Roadmap of Indonesia Emas 2045
Palm Derivatives
28 June 2024
RBD Palm Olein plays a crucial role in boosting Indonesia’s GDP. This country is a major palm oil producer and its derivative, RBD Palm Olein, belongs to this category. According to the FAO (Food and Agriculture Organization), it has been found that combined production of these products in countries accounts for a substantial proportion of the entire economy. These economic benefits are also associated with sectors like manufacturing and logistics.
Indonesia government strongly encourages development of the downstream palm oil sector because of this reason. This involves conversion of crude palm oil into more functional commodities like RBD Palm Olein which can be used as cooking oils or even industrial lubricants among others. For instance, “Indonesia Emas 2045” (Golden Indonesia 2045), which serves as a roadmap for the palm oil industry by the Ministry of Industry, highlights this strategy as one way to enhance value added processing of such oil products in order to increase their contribution towards the national economy.
People in many parts of the country work for this industry including those who work in cultivation and logistics. Apart from direct jobs created at processing plants, the downstream development of palm oil products such as RBD Palm Olein also supports employment through other sectors.
The Ministry of Industry has set out strategies to expand this sector thereby creating more jobs and enhancing industrialization efforts which would lead to economic growth. “The government roadmap includes steps to strengthen the labor force, upgrade public facilities and stimulate creativity in the palm oil industry. The expected effect of these moves is to raise productivity and efficiency thus creating more employment opportunities and better remuneration of labor in the sector.” (Kontan, 2024).
A road map called “Indonesia Emas 2045” that was developed by the Ministry of Industry is a strategic plan for guiding the palm oil industry towards a sustainable and inclusive development. The roadmap has been designed to ensure that the palm oil industry continues to be the backbone of Indonesia’s economy in dealing with environmental and social challenges.
The key components of the roadmap entail encouraging sustainability, improving research, development and enhancing competitiveness of Indonesian Palm Oil products in the world markets. The roadmap thus seeks to increase exports of higher value added products such as RBD Palm Olein which can command attractive prices and generate more revenue for the country. Opening up the new markets for Indonesian palm oil products is also underlined in this road map as critical through international cooperation and trade partnership. This approach strategically seeks not only to promote economic growth but also ensure that those benefits are diffused across a wider population base thereby contributing to broader societal and economic growth.
Indonesia's strategy for the roadmap “Indonesia Emas 2045,” will further enhance these economic benefits by promoting downstream processing and sustainable strategies by focusing on value addition and innovation. Indonesia has a big chance to leverage the palm oil industry for economic growth and development, ensuring a prosperous future for the people.
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