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 biggest palm oil manufacturer, is evaluating fuel with a view to increasing to 40% from 35% the share of palm-oil mixed into [biodiesel](https://www.pinterest.com.au/missionnewenergy/) next year, the [energy ministry](https://www.bloomberg.com/profile/company/MNELF:US) said.<br>
+<br>If implemented, the B40 [required](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) could [increase biodiesel](https://pitchbook.com/profiles/company/51278-86) intake to up to 16 million [kilolitres](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) (KL) next year, the ministry said, from 13 million KL approximated to be consumed in 2024.<br>
+<br>"We hope the trials could be ended up in December, so that full application of B40 could be brought out in 2025," energy ministry senior official Eniya Listiani Dewi stated in a [declaration](https://www.bloomberg.com/profile/company/MNELF:US) on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Producers Association (APROBI) stated the market had the capacity to satisfy B40 need, with set up [capability expected](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to increase to 20 million KL yearly next year from 18 million KL now.<br>
+<br>"However we will require more basic materials to satisfy B40 need," Ernest Gunawan, the secretary general of APROBI told Reuters on Wednesday.<br>
+<br>The [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) market would [require](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) 13.9 million metric lots of unrefined palm oil to produce 16 million KL [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) next year, from the [approximated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 11 million loads needed this year, he added.<br>
+<br>Indonesia's biggest palm oil association GAPKI said a [decrease](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in exports implied there would suffice raw materials to provide the B40 mandate in the meantime.<br>
+<br>But the market would require to examine "which one would be better", GAPKI chairman Eddy Martono stated, describing the  a boost in exports would make supplying the domestic market less [feasible](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>[Indonesia's palm](https://www.pinterest.com.au/missionnewenergy/) oil output is estimated to reach 54.4 million tons in 2024, a 2.26% boost from last year, while exports are [expected](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to decrease by 2.47% to 29.5 million heaps as domestic consumption rose, driven by [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) mandate.<br>
+<br>The ministry had tested the [biodiesel](https://www.pinterest.com.au/missionnewenergy/), [blended](https://forest500.org/rankings/companies/mission-newenergy-limited) with 40% of palm oil, on a train for the very first time earlier this week, while planning to test the B40 mix on farming machinery, [power plants](https://pitchbook.com/profiles/company/51278-86) and in the [shipping](https://forest500.org/rankings/companies/mission-newenergy-limited) industry, it stated. (Reporting by Bernadette Christina and Dewi Kurniawati