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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) allocation decree was waited for by market<br>
+<br>Indonesia had prepared to release greater [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) mix on Jan. 1<br>
+<br>Palm oil criteria contract increased 1% after previous fall<br>
+<br>Government intends for 50% [biodiesel mix](https://www.pinterest.com.au/missionnewenergy/) in 2026<br>
+<br>(Recasts with energy minister's remark)<br>
+<br>By Bernadette Christina and [Fransiska](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Nangoy<br>
+<br>JAKARTA, Jan 3 (Reuters) [- Indonesia](https://forest500.org/rankings/companies/mission-newenergy-limited) Energy and Mineral Resources Minister signed a decree on Friday assigning 15.6 million  (KL) of [biodiesel](https://stocktwits.com/symbol/MNEL) for 2025 circulation, while giving the market until the end of next month to adapt to the greater level of the fuel in the mix.<br>
+<br>Indonesia, the [world's biggest](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) exporter of palm oil, had [prepared](https://pitchbook.com/profiles/company/51278-86) to launch the mandatory requirement of 40% palm oil fuel in [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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 necessary biodiesel mix to 50% next year.<br>
+<br>Eniya Listiani Dewi, a ministry senior official, [stated biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) manufacturers and [fuel merchants](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) will be given up until Feb. 28 to adjust to the B40 mix. She stated the [hold-up](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) was due to the fact that of technical difficulties connected to aids for the fuel.<br>
+<br>The non-implementation on Jan. 1. had actually caused a 2.6% drop in the [Malaysian palm](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil standard contract on Thursday. On Friday, it recovered by around 1%.<br>
+<br>Fuel retailers and [biodiesel producers](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) had said they were unable to prepare contracts for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) circulation without the decree.<br>
+<br>The biodiesel allocation for 2025 indicated an increase from 2024's estimated biodiesel intake of 12.98 KL, ministry data showed on Friday.<br>
+<br>Of the total allowance for this year, 7.55 million KL is for the public service responsibility (PSO), which [covers sectors](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) such as public transportation, whose sales will be subsidised by the nation's palm oil fund.<br>
+<br>"The remaining allotments will be cost market rate. The non-PSO allotment 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 rate gap between the palm oil and nonrenewable fuel [sources](https://stocktwits.com/symbol/MNEL) for the total [allowance](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>BPDPKS, the agency in charge of collecting and handling the palm oil funds, approximated in November B40 would need a 68% [subsidy boost](https://pitchbook.com/profiles/company/51278-86).<br>
+<br>To help fund that, Indonesia plans to increase its export levy for unrefined palm oil (CPO) to 10% from the current 7.5%, however for that to happen, another main policy is needed. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati