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 producer, is evaluating fuel with a view to increasing to 40% from 35% the share of palm-oil combined into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) next year, the [energy ministry](https://forest500.org/rankings/companies/mission-newenergy-limited) stated.<br>
+<br>If carried out, the B40 [mandate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) could increase [biodiesel](https://www.pinterest.com.au/missionnewenergy/) intake to as much as 16 million kilolitres (KL) next year, the [ministry](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) said, from 13 million KL estimated to be consumed in 2024.<br>
+<br>"We hope the trials could be finished in December, so that complete application of B40 might be brought out in 2025," energy ministry senior main Eniya Listiani Dewi said in a [declaration](https://forest500.org/rankings/companies/mission-newenergy-limited) on Tuesday.<br>
+<br>The [Indonesian](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) [Biofuel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Producers Association (APROBI) stated the market had the capability to meet B40 demand, with installed capability expected to [increase](https://www.pinterest.com.au/missionnewenergy/) to 20 million KL yearly next year from 18 million KL now.<br>
+<br>"However we will require more basic materials to meet B40 need," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br>
+<br>The biodiesel industry would require 13.9 million metric tons of unrefined palm oil to produce 16 million KL [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) next year, from the [estimated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 11 million tons required this year, he added.<br>
+<br>Indonesia's most significant palm oil association [GAPKI stated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) a decline in exports meant there would be sufficient basic materials to supply the B40 mandate in the meantime.<br>
+<br>But the industry would require to examine "which one would be more important", GAPKI chairman Eddy Martono said, referring to the  a boost in exports would make supplying the domestic market less practical.<br>
+<br>Indonesia's palm oil output is estimated to reach 54.4 million heaps in 2024, a 2.26% boost from last year, while exports are anticipated to decrease by 2.47% to 29.5 million loads as [domestic intake](https://www.bloomberg.com/profile/company/MNELF:US) increased, driven by [biodiesel mandate](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br>
+<br>The [ministry](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) had actually tested the [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html), [blended](https://www.zoominfo.com/c/mission-newenergy/346542889) with 40% of palm oil, on a train for the very first time previously this week, while preparing to check the B40 mix on agriculture equipment, [power plants](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and in the shipping market, it stated. ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by Bernadette Christina and Dewi Kurniawati