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 greatest palm oil producer, is checking fuel with a view to increasing to 40% from 35% the share of [palm-oil mixed](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) next year, the [energy ministry](https://www.crunchbase.com/organization/mission-newenergy) said.<br>
+<br>If carried out, the B40 [required](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) could [increase biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) usage to up to 16 million kilolitres (KL) next year, the ministry stated, from 13 million KL estimated to be consumed in 2024.<br>
+<br>"We hope the trials could be completed in December, so that full implementation of B40 could be performed in 2025," energy ministry senior official Eniya Listiani Dewi said in a declaration on Tuesday.<br>
+<br>The [Indonesian](https://forest500.org/rankings/companies/mission-newenergy-limited) [Biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) Producers Association (APROBI) said the industry had the capability to satisfy B40 demand, with installed capacity expected to rise to 20 million KL each year next year from 18 million KL now.<br>
+<br>"However we will require more basic materials to fulfill B40 need," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br>
+<br>The [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) industry would need 13.9 million metric lots of crude palm oil to produce 16 million KL biodiesel next year, from the approximated 11 million tons needed this year, he included.<br>
+<br>[Indonesia's biggest](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) palm [oil association](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) GAPKI stated a [decline](https://www.zoominfo.com/c/mission-newenergy/346542889) in exports [suggested](https://www.pinterest.com.au/missionnewenergy/) there would suffice  to supply the B40 [mandate](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for now.<br>
+<br>But the industry would require to [evaluate](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) "which one would be more important", GAPKI chairman Eddy Martono said, referring to the [possibility](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) an [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in exports would make supplying the domestic market less practical.<br>
+<br>Indonesia's palm oil output is approximated to reach 54.4 million loads in 2024, a 2.26% boost from last year, while exports are anticipated to decline by 2.47% to 29.5 million heaps as domestic usage increased, driven by biodiesel mandate.<br>
+<br>The [ministry](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) had tested the [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048), combined with 40% of palm oil, on a train for the first time previously today, while planning to test the B40 mix on agriculture equipment, power plants and in the [shipping](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) industry, it stated. ([Reporting](https://www.bloomberg.com/profile/company/MNELF:US) by Bernadette Christina and Dewi Kurniawati