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

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

@@ -0,0 +1,10 @@
+<br>JAKARTA, July 24 (Reuters) - Indonesia, the [world's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) most significant [palm oil](https://www.crunchbase.com/organization/mission-newenergy) producer, is checking fuel with a view to [increasing](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to 40% from 35% the share of  into [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) next year, the energy ministry stated.<br>
+<br>If carried out, the B40 required could increase biodiesel usage to up to 16 million kilolitres (KL) next year, the ministry stated, from 13 million [KL estimated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to be consumed in 2024.<br>
+<br>"We hope the trials might be ended up in December, so that full execution of B40 could be carried out in 2025," energy ministry senior main [Eniya Listiani](https://www.google.com/search?kgmid=/m/0cqd_rb) Dewi said in a statement on Tuesday.<br>
+<br>The [Indonesian](https://www.pinterest.com.au/missionnewenergy/) [Biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Producers Association (APROBI) stated the industry had the [capacity](https://www.crunchbase.com/organization/mission-newenergy) to fulfill B40 need, with installed capability anticipated to increase to 20 million KL every year next year from 18 million KL now.<br>
+<br>"However we will need more basic materials to satisfy B40 need," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br>
+<br>The [biodiesel market](https://forest500.org/rankings/companies/mission-newenergy-limited) would need 13.9 million metric lots of [unrefined 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 to produce 16 million KL biodiesel next year, from the [approximated](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) 11 million tons required this year, he included.<br>
+<br>Indonesia's most significant [palm oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) [association GAPKI](https://forest500.org/rankings/companies/mission-newenergy-limited) stated a decline in exports implied there would [suffice](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) basic materials to provide the B40 [mandate](https://www.bloomberg.com/profile/company/MNELF:US) for now.<br>
+<br>But the market would require to evaluate "which one would be more important", GAPKI chairman [Eddy Martono](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) said, referring to the possibility a boost in exports would make providing the domestic market less viable.<br>
+<br>Indonesia's palm oil output is estimated to reach 54.4 million tons in 2024, a 2.26% increase from last year, while exports are [expected](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to decline by 2.47% to 29.5 million loads as domestic usage increased, driven by biodiesel mandate.<br>
+<br>The [ministry](https://www.google.com/search?kgmid=/m/0cqd_rb) had tested the biodiesel, blended with 40% of palm oil, on a train for the first time earlier this week, while preparing to check the B40 mix on farming equipment, power plants and in the shipping market, it said. (Reporting by [Bernadette Christina](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) and Dewi Kurniawati