The Indonesian Oil Palm Estate Fund (BPDP) and Biodiesel Producers (BJBBN) have signed contracts to produce 1.53 million kiloliters of biofuel between May and October in this year for oil and gas companies Pertamina and petroleum and chemical distributor PT AKR Corporindo Tbk (IDX:AKRA). BPDP president director Bayu Krishnamurthi, said the agency is targeting to collect Rp8 trillion ($571.43 million) from 157 exporters in 2016, up from Rp5 trillion in 2015. The fund from CPO export levies will be used to replant 2,000 hectares land. It expects to add bio diesel production of 5.2 million kiloliters per year in the next four years. In 2016, the agency targets to supply as much as 3.6 million kiloliters bio diesel to Pertamina.