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decline of 6.14 $/BBL or 10% compared to previous year. This has led to performance from 2018 to 2019 of the refinery industry, including the company’s, to decline. In 2019, the company and its subsidiaries

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Biofuel Co., Ltd.) revenue soften due to a decline in average B100 product selling price; a result of the crude palm oil price drop. Sales volume rose from the previous quarter, from the government’s policy