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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) allotment decree was awaited by market<br>
+<br>Indonesia had planned to [release](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) higher [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) mix on Jan. 1<br>
+<br>Palm oil criteria agreement increased 1% after previous fall<br>
+<br>[Government](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) goes for 50% biodiesel mix in 2026<br>
+<br>(Recasts with energy minister's remark)<br>
+<br>By Bernadette [Christina](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and Fransiska Nangoy<br>
+<br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources Minister signed a decree on Friday allocating 15.6 million kilolitres (KL) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for 2025 distribution, while providing the industry until the end of next month to adjust to the greater level of the fuel in the mix.<br>
+<br>Indonesia, the [world's largest](https://www.crunchbase.com/organization/mission-newenergy) [exporter](https://stocktwits.com/symbol/MNEL) of palm oil, had actually planned to release the necessary requirement of 40% palm oil fuel in [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) on Jan. 1, up from 35% now.<br>
+<br>"The ministerial guideline has been signed," the minister Bahlil Lahadalia informed reporters, [including](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) the federal government was working to increase the necessary biodiesel mix to 50% next year.<br>
+<br>Eniya Listiani Dewi, a ministry senior authorities, said [biodiesel](https://www.bloomberg.com/profile/company/MNELF:US) manufacturers and fuel merchants will be given until Feb. 28 to adjust to the B40 mix. She stated the delay was since of technical challenges 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 agreement on Thursday. On Friday, it recuperated by around 1%.<br>
+<br>[Fuel merchants](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and [biodiesel manufacturers](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) had actually said they were unable to draw up agreements for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) distribution without the decree.<br>
+<br>The [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) allocation for 2025 suggested a boost from 2024['s estimated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [biodiesel intake](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 obligation (PSO), which covers sectors such as public transport, whose sales will be subsidised by the country's palm oil fund.<br>
+<br>"The staying allotments will be offered at market value. The non-PSO allowance is set at 8.07 million KL," Bahlil stated, including the fund could not subsidise the price space between the palm oil and  sources for the total allocation.<br>
+<br>BPDPKS, the agency in charge of collecting and handling the palm oil funds, estimated in November B40 would need a 68% [aid boost](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>To help fund that, Indonesia prepares to increase its export levy for unrefined palm oil (CPO) to 10% from the [current](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 7.5%, but for that to take place, another [official regulation](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is needed. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati