Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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Blue-Green Economy and Its Impact on Plantation Business Strategies: The Indonesian State-Owned Enterprise Perspective

Authors
Taufiq Hidayatullah1, *
1Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: hidayatullaht23a@student.unhas.ac.id
Corresponding Author
Taufiq Hidayatullah
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_144How to use a DOI?
Keywords
Blue-Green Economy; Renewable Energy; Circular Economy; Biomass Energy; PTPN
Abstract

This research explores the integration of blue-green economy principles within PTPN, a key player in Indonesia’s agribusiness sector, with a focus on sustainability in the palm oil, rubber, and sugarcane industries. PTPN has made significant strides in adopting renewable energy sources, such as biomass from sugarcane bagasse and palm oil waste, reducing reliance on fossil fuels and lowering operational carbon emissions. The company has also implemented circular economy practices, notably the conversion of palm oil mill effluent (POME) into biogas and the adoption of precision agriculture techniques, improving resource efficiency and waste management. However, the study identifies several challenges, including high upfront costs, regulatory inconsistencies, and the need for enhanced technical expertise. Despite these obstacles, opportunities for further development exist, such as expanding renewable energy projects, improving waste-to-energy technologies, and fostering strategic partnerships. These initiatives could strengthen PTPN’s sustainability efforts and enhance its competitiveness in the global market. This research highlights both the achievements and challenges faced by PTPN, offering insights into the practical application of blue-green economy principles in the agribusiness sector.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_144How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Taufiq Hidayatullah
PY  - 2025
DA  - 2025/07/30
TI  - Blue-Green Economy and Its Impact on Plantation Business Strategies: The Indonesian State-Owned Enterprise Perspective
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 1813
EP  - 1821
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_144
DO  - 10.2991/978-94-6463-758-8_144
ID  - Hidayatullah2025
ER  -