Add 'Indonesia's B40 Biodiesel Plan Requires Extra 3 Mln Tons Of'

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Evelyne Cullen 6 months ago
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      Indonesia%27s-B40-Biodiesel-Plan-Requires-Extra-3-Mln-Tons-Of.md

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Indonesia%27s-B40-Biodiesel-Plan-Requires-Extra-3-Mln-Tons-Of.md

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<br>NUSA DUA, Indonesia, Nov 8 (Reuters) [- Indonesia's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) plan to raise the necessary [palm oil](https://www.crunchbase.com/organization/mission-newenergy) [material](https://pitchbook.com/profiles/company/51278-86) of [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) to 40% next year from 35% will need [extra feedstock](https://www.bloomberg.com/profile/company/MNELF:US) supply of around 3 million metric loads, a [Palm Oil](https://pitchbook.com/profiles/company/51278-86) [Association](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) (GAPKI) [authorities](https://stocktwits.com/symbol/MNEL) said on Friday.<br>
<br>[Indonesia's crude](https://pitchbook.com/profiles/company/51278-86) [palm oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) output is seen at 48 million metric lots in 2024, down 4% from in 2015, however is expected to [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to 50 million in 2025, [GAPKI advisory](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) board member [Joko Supriyono](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [informed](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) the [Indonesia Palm](https://www.google.com/search?kgmid=/m/0cqd_rb) Oil [Conference](https://www.crunchbase.com/organization/mission-newenergy) in Bali. ([Reporting](https://www.crunchbase.com/organization/mission-newenergy) by [Bernadette Chrisina](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [Munthe Writing](https://www.pinterest.com.au/missionnewenergy/) by [Fransiska](https://www.businessnews.com.au/Company/Mission-NewEnergy) Nangoy
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