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](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [palm oil](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) manufacturer, is testing fuel with a view to increasing to 40% from 35% the share of palm-oil mixed into biodiesel next year, the energy ministry stated.<br>
+<br>If implemented, the B40 mandate might increase biodiesel consumption to as much as 16 million [kilolitres](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) (KL) next year, the ministry stated, from 13 million KL approximated to be consumed in 2024.<br>
+<br>"We hope the trials could be finished in December, so that full application of B40 could be brought out in 2025," energy ministry senior official Eniya Listiani Dewi said in a statement on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [Producers Association](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) (APROBI) said the industry had the capability to satisfy B40 demand, with set up capability expected to rise to 20 million KL each year next year from 18 million KL now.<br>
+<br>"However we will need more raw products to satisfy B40 demand," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br>
+<br>The [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) market would [require](https://www.zoominfo.com/c/mission-newenergy/346542889) 13.9 million metric tons of unrefined palm oil to produce 16 million KL biodiesel next year, from the [approximated](https://pitchbook.com/profiles/company/51278-86) 11 million heaps needed this year, he included.<br>
+<br>Indonesia's greatest palm oil association GAPKI said a decrease in exports indicated there would suffice raw materials to provide the B40 mandate for now.<br>
+<br>But the [industry](https://www.bloomberg.com/profile/company/MNELF:US) would need to [evaluate](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) "which one would be better", GAPKI chairman Eddy Martono said, referring to the possibility a boost in exports would make [providing](https://www.bloomberg.com/profile/company/MNELF:US) the  less [practical](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Indonesia's palm [oil output](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is [approximated](https://www.crunchbase.com/organization/mission-newenergy) to reach 54.4 million heaps in 2024, a 2.26% increase from last year, while exports are expected to decline by 2.47% to 29.5 million loads as domestic intake increased, driven by [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) required.<br>
+<br>The [ministry](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) had tested the biodiesel, blended with 40% of palm oil, on a train for the very first time earlier this week, while [preparing](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) to check the B40 mix on agriculture equipment, [power plants](https://forest500.org/rankings/companies/mission-newenergy-limited) and in the [shipping](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) market, it stated. ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by Bernadette Christina and Dewi Kurniawati