Add 'Indonesia Plans Increase in Palm Oil-based Biodiesel In 2025'

Indonesia-Plans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md

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+<br>JAKARTA, July 24 (Reuters) - Indonesia, the world's most significant palm oil manufacturer, is [evaluating](https://www.bloomberg.com/profile/company/MNELF:US) fuel with a view to [increasing](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to 40% from 35% the share of palm-oil mixed into biodiesel next year, the energy ministry said.<br>
+<br>If carried out, the B40 required might increase [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) intake to approximately 16 million kilolitres (KL) next year, the ministry said, from 13 million KL approximated to be [consumed](https://www.crunchbase.com/organization/mission-newenergy) in 2024.<br>
+<br>"We hope the trials might be ended up in December, so that full execution of B40 might be performed in 2025," energy ministry senior [official Eniya](https://www.bloomberg.com/profile/company/MNELF:US) [Listiani Dewi](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) said in a statement on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [Producers Association](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) (APROBI) said the market had the capability to meet B40 need, with installed capacity [expected](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to increase to 20 million KL each year next year from 18 million KL now.<br>
+<br>"However we will need more raw materials to satisfy B40 demand," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br>
+<br>The [biodiesel industry](https://www.crunchbase.com/organization/mission-newenergy) would require 13.9 million metric lots of [unrefined palm](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) oil to produce 16 million KL biodiesel next year, from the approximated 11 million lots required this year, he included.<br>
+<br>Indonesia's greatest palm oil [association](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) GAPKI said a [decrease](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in exports meant there would be adequate raw materials to provide the B40  for now.<br>
+<br>But the industry would require to examine "which one would be better", GAPKI chairman Eddy Martono stated, referring to the possibility a boost in exports would make supplying the domestic market less practical.<br>
+<br>Indonesia's palm oil output is approximated to reach 54.4 million heaps in 2024, a 2.26% boost from last year, while exports are [expected](https://www.zoominfo.com/c/mission-newenergy/346542889) to decrease by 2.47% to 29.5 million loads as domestic usage rose, driven by biodiesel mandate.<br>
+<br>The ministry had actually evaluated the [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/), [blended](https://stocktwits.com/symbol/MNEL) with 40% of palm oil, on a train for the very first time earlier this week, while [planning](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to check the B40 mix on [agriculture](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) machinery, power plants and in the shipping market, it stated. (Reporting by [Bernadette Christina](https://forest500.org/rankings/companies/mission-newenergy-limited) and Dewi Kurniawati