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](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [allotment decree](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) was awaited by market<br>
+<br>Indonesia had actually planned to [release](https://forest500.org/rankings/companies/mission-newenergy-limited) greater [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) mix on Jan. 1<br>
+<br>Palm oil [standard](https://pitchbook.com/profiles/company/51278-86) contract increased 1% after previous fall<br>
+<br>Government goes for 50% [biodiesel mix](https://pitchbook.com/profiles/company/51278-86) in 2026<br>
+<br>( with energy [minister's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) remark)<br>
+<br>By Bernadette Christina and Fransiska Nangoy<br>
+<br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources Minister signed a decree on Friday assigning 15.6 million kilolitres (KL) of [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) for 2025 circulation, while providing the industry up until [completion](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of next month to adapt to the higher level of the fuel in the mix.<br>
+<br>Indonesia, the world's biggest [exporter](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) of palm oil, had planned to launch the necessary requirement of 40% palm oil fuel in [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) on Jan. 1, up from 35% now.<br>
+<br>"The ministerial guideline has been signed," the minister Bahlil Lahadalia told press reporters, adding the federal government was working to increase the [compulsory 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) mix to 50% next year.<br>
+<br>[Eniya Listiani](https://pitchbook.com/profiles/company/51278-86) Dewi, a ministry senior official, stated [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) manufacturers and fuel sellers will be provided up until Feb. 28 to adapt to the B40 mix. She said the delay was because of technical difficulties connected to subsidies for the fuel.<br>
+<br>The non-implementation on Jan. 1. had actually led to a 2.6% drop in the [Malaysian palm](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) oil benchmark contract on Thursday. On Friday, it recovered by around 1%.<br>
+<br>Fuel merchants and [biodiesel producers](https://www.bloomberg.com/profile/company/MNELF:US) had said they were not able to draw up contracts for biodiesel distribution without the decree.<br>
+<br>The [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) allocation for 2025 suggested an increase from 2024's approximated biodiesel consumption of 12.98 KL, ministry information showed on Friday.<br>
+<br>Of the overall allocation for this year, 7.55 million KL is for the general public service commitment (PSO), which covers sectors such as public transport, whose sales will be [subsidised](https://www.bloomberg.com/profile/company/MNELF:US) by the country's palm [oil fund](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
+<br>"The staying allocations will be cost market rate. The non-PSO allotment is set at 8.07 million KL," Bahlil said, including the fund could not subsidise the rate gap in between the palm oil and nonrenewable fuel sources for the total [allowance](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).<br>
+<br>BPDPKS, the agency in charge of collecting and managing the palm oil funds, approximated in November B40 would need a 68% subsidy boost.<br>
+<br>To help finance that, Indonesia prepares to increase its [export levy](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for crude palm oil (CPO) to 10% from the present 7.5%, but for that to take place, another main regulation is required. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati