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 was awaited by market<br>
+<br>Indonesia had planned to introduce greater biodiesel mix on Jan. 1<br>
+<br>Palm oil standard contract increased 1% after previous fall<br>
+<br>Government aims for 50% [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) mix in 2026<br>
+<br>(Recasts with [energy minister's](https://www.bloomberg.com/profile/company/MNELF:US) comment)<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 designating 15.6 million kilolitres (KL) of biodiesel for 2025 distribution, while giving the [industry](https://stocktwits.com/symbol/MNEL) 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 prepared to launch the necessary requirement of 40% palm oil fuel in [biodiesel](https://pitchbook.com/profiles/company/51278-86) on Jan. 1, up from 35% now.<br>
+<br>"The ministerial regulation has been signed," the minister Bahlil [Lahadalia informed](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) press reporters, including the federal government was working to increase the necessary [biodiesel mix](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to 50% next year.<br>
+<br>[Eniya Listiani](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) Dewi, a ministry senior official, stated biodiesel producers and fuel retailers will be given till Feb. 28 to adapt to the B40 mix. She said the hold-up was due to the fact that of technical challenges connected to aids for the fuel.<br>
+<br>The [non-implementation](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) on Jan. 1. had actually led to a 2.6% drop in the [Malaysian palm](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil benchmark contract on Thursday. On Friday, it [recovered](https://pitchbook.com/profiles/company/51278-86) by around 1%.<br>
+<br>Fuel retailers and [biodiesel manufacturers](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) had actually stated they were unable to prepare contracts for [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) distribution without the decree.<br>
+<br>The [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [allocation](https://forest500.org/rankings/companies/mission-newenergy-limited) for 2025 showed an increase from 2024's estimated biodiesel consumption of 12.98 KL, ministry information showed on Friday.<br>
+<br>Of the total allotment for this year, 7.55 million KL is for the general [public service](https://www.bloomberg.com/profile/company/MNELF:US) [obligation](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) (PSO), which covers sectors such as public transport, whose sales will be subsidised by the country's palm [oil fund](https://stocktwits.com/symbol/MNEL).<br>
+<br>"The staying allowances will be sold at market value. The non-PSO allowance is set at 8.07 million KL," Bahlil said, including the fund might not subsidise the rate gap between the palm oil and nonrenewable fuel sources for the total [allotment](https://forest500.org/rankings/companies/mission-newenergy-limited).<br>
+<br>BPDPKS, the agency in charge of gathering and managing the palm oil funds, approximated in November B40 would need a 68% aid boost.<br>
+<br>To [assist finance](https://www.google.com/search?kgmid=/m/0cqd_rb) that, Indonesia prepares to [increase](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) its export levy for crude palm oil (CPO) to 10% from the existing 7.5%, however for that to happen, another main policy is needed. (Reporting by Bernadette Christina Munthe,  Nangoy, Dewi Kurniawati