Jakarta, Nov. 10 -- Japan's automotive giant Toyota Motor Corporation has expressed interest in supporting Indonesia's 10-percent ethanol fuel blend (E10) policy by investing in bioethanol production, an official said.

In a statement on Monday, Deputy Minister of Investment and Downstreaming Todotua Pasaribu said Indonesia's annual fuel demand exceeds 40 million kiloliters, with around 4 million kiloliters of bioethanol needed for the 2027 launch of the E10 policy.

"To capitalize on the momentum, Indonesia must prepare supporting facilities now. This is the opportunity Toyota seeks to seize," he remarked, adding that the company already produces bioethanol-compatible vehicles for various countries.

The investment opportunity was discus...