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 testing fuel with a view to [increasing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to 40% from 35% the share of [palm-oil blended](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) into [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) next year, the energy ministry stated.<br>
+<br>If implemented, the B40 [mandate](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) might increase [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) intake to up to 16 million kilolitres (KL) next year, the ministry stated, from 13 million KL approximated to be consumed in 2024.<br>
+<br>"We hope the trials might be completed in December, so that complete implementation of B40 might be brought out in 2025," [energy ministry](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) senior official Eniya Listiani Dewi said in a statement on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.crunchbase.com/organization/mission-newenergy) Producers Association (APROBI) stated the market had the [capability](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to meet B40 demand, with set up capability anticipated to rise to 20 million KL each 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://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) would need 13.9 million metric lots of [crude palm](https://www.crunchbase.com/organization/mission-newenergy) oil to produce 16 million KL [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) next year, from the approximated 11 million lots required this year, he [included](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br>
+<br>Indonesia's biggest palm oil association GAPKI said a decrease in exports meant there would suffice basic materials to supply the B40 mandate in the meantime.<br>
+<br>But the industry would require to assess "which one would be more valuable", GAPKI chairman Eddy Martono said, referring to the possibility an  in [exports](https://www.businessnews.com.au/Company/Mission-NewEnergy) would make [supplying](https://forest500.org/rankings/companies/mission-newenergy-limited) the domestic market less [practical](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Indonesia's palm oil output is [estimated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to reach 54.4 million loads in 2024, a 2.26% boost from last year, while exports are expected to [decrease](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by 2.47% to 29.5 million heaps as domestic usage rose, driven by [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) required.<br>
+<br>The ministry had actually evaluated the [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053), blended with 40% of palm oil, on a train for the very first time earlier today, while preparing to [evaluate](https://www.pinterest.com.au/missionnewenergy/) the B40 mix on agriculture equipment, [power plants](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) and in the shipping industry, it said. (Reporting by Bernadette Christina and Dewi Kurniawati