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 biggest](https://www.pinterest.com.au/missionnewenergy/) [palm oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) manufacturer, is evaluating fuel with a view to increasing to 40% from 35% the share of palm-oil mixed into [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) next year, the energy ministry stated.<br>
+<br>If carried out, the B40 required might increase [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) intake to up to 16 million kilolitres (KL) next year, the ministry said, from 13 million KL approximated to be consumed in 2024.<br>
+<br>"We hope the trials might be ended up in December, so that full implementation of B40 could be performed in 2025," [energy ministry](https://www.bloomberg.com/profile/company/MNELF:US) [senior main](https://forest500.org/rankings/companies/mission-newenergy-limited) [Eniya Listiani](https://www.pinterest.com.au/missionnewenergy/) Dewi said in a statement on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://stocktwits.com/symbol/MNEL) Producers Association (APROBI) stated the industry had the capability to satisfy B40 demand, with installed capacity [expected](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to rise to 20 million KL each year next year from 18 million KL now.<br>
+<br>"However we will need more raw materials to fulfill B40 demand," Ernest Gunawan, the  general of APROBI told [Reuters](https://www.pinterest.com.au/missionnewenergy/) on Wednesday.<br>
+<br>The [biodiesel](https://www.pinterest.com.au/missionnewenergy/) industry would require 13.9 million metric lots of [crude palm](https://forest500.org/rankings/companies/mission-newenergy-limited) oil to produce 16 million KL [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) next year, from the approximated 11 million tons needed this year, he included.<br>
+<br>Indonesia's biggest palm oil association GAPKI stated a decline in exports implied there would suffice basic materials to provide the B40 mandate in the meantime.<br>
+<br>But the market would need to assess "which one would be better", GAPKI chairman Eddy Martono said, [referring](https://www.crunchbase.com/organization/mission-newenergy) to the possibility a boost in exports would make providing the domestic market less viable.<br>
+<br>Indonesia's palm oil output is [estimated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to reach 54.4 million heaps in 2024, a 2.26% increase from in 2015, while [exports](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) are anticipated to [decline](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by 2.47% to 29.5 million loads as domestic consumption rose, driven by [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [required](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>The ministry had actually checked the [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd), blended with 40% of palm oil, on a train for the very first time earlier today, while planning to [evaluate](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the B40 mix on agriculture equipment, power plants and in the shipping market, it said. (Reporting by Bernadette Christina and Dewi Kurniawati