Add 'Indonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025'

Indonesia-Signs-15.6-Mln-Kilolitres-Biodiesel-Allocation-For-2025.md

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+<br>Biodiesel allotment decree was waited for by market<br>
+<br>[Indonesia](https://www.google.com/search?kgmid=/m/0cqd_rb) had actually [planned](https://www.google.com/search?kgmid=/m/0cqd_rb) to launch greater biodiesel mix on Jan. 1<br>
+<br>Palm oil criteria agreement increased 1% after previous fall<br>
+<br>Government goes for 50% biodiesel mix in 2026<br>
+<br>([Recasts](https://www.businessnews.com.au/Company/Mission-NewEnergy) with energy minister's remark)<br>
+<br>By Bernadette Christina and Fransiska Nangoy<br>
+<br>JAKARTA, Jan 3 (Reuters) [- Indonesia](https://www.businessnews.com.au/Company/Mission-NewEnergy) Energy and Mineral Resources Minister signed a decree on Friday assigning 15.6 million [kilolitres](https://www.zoominfo.com/c/mission-newenergy/346542889) (KL) of biodiesel for 2025 circulation, while giving the industry until the end of next month to adjust to the higher level of the fuel in the mix.<br>
+<br>Indonesia, the world's biggest exporter of palm oil, had actually [planned](https://www.google.com/search?kgmid=/m/0cqd_rb) to introduce the compulsory requirement of 40% [palm oil](https://www.crunchbase.com/organization/mission-newenergy) fuel in [biodiesel](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) on Jan. 1, up from 35% now.<br>
+<br>"The ministerial regulation has been signed," the minister Bahlil Lahadalia [informed press](https://www.google.com/search?kgmid=/m/0cqd_rb) reporters, adding the federal government was working to [increase](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) the necessary [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) mix to 50% next year.<br>
+<br>[Eniya Listiani](https://www.google.com/search?kgmid=/m/0cqd_rb) Dewi, a ministry senior official, stated [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [producers](https://www.bloomberg.com/profile/company/MNELF:US) and fuel sellers will be provided up until Feb. 28 to adapt to the B40 mix. She said the hold-up was because of technical obstacles linked to subsidies for the fuel.<br>
+<br>The non-implementation on Jan. 1. had caused a 2.6% drop in the Malaysian palm oil standard contract on Thursday. On Friday, it recuperated by around 1%.<br>
+<br>Fuel merchants and biodiesel manufacturers had actually said they were not able to prepare agreements for biodiesel circulation without the decree.<br>
+<br>The [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) allotment for 2025 suggested a boost from 2024's approximated biodiesel consumption of 12.98 KL, ministry information revealed on Friday.<br>
+<br>Of the total allocation for this year, 7.55 million KL is for the general public service commitment (PSO), which covers sectors such as mass transit, whose sales will be [subsidised](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) by the  oil fund.<br>
+<br>"The remaining allocations will be cost market value. The non-PSO allowance is set at 8.07 million KL," Bahlil said, [including](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the fund could not subsidise the cost space in between the [palm oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and nonrenewable fuel sources for the total [allocation](https://stocktwits.com/symbol/MNEL).<br>
+<br>BPDPKS, the firm in charge of collecting and handling the palm oil funds, approximated in November B40 would require a 68% [aid increase](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>To help fund that, Indonesia plans to increase its export levy for crude palm oil (CPO) to 10% from the current 7.5%, but for that to happen, another official guideline is needed. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati