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](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) greatest palm oil manufacturer, is [testing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) fuel with a view to [increasing](https://stocktwits.com/symbol/MNEL) to 40% from 35% the share of palm-oil blended into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) next year, the energy ministry stated.<br>
+<br>If executed, the B40 mandate could increase [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) intake to as much as 16 million kilolitres (KL) next year, the ministry said, from 13 million KL estimated to be [consumed](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in 2024.<br>
+<br>"We hope the trials might be finished in December, so that complete execution of B40 might be performed in 2025," energy ministry senior official [Eniya Listiani](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Dewi said in a statement on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Producers Association (APROBI) stated the industry had the [capability](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to [fulfill](https://pitchbook.com/profiles/company/51278-86) B40 need, with set up [capacity expected](https://www.pinterest.com.au/missionnewenergy/) 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 market would require 13.9 million metric lots of unrefined palm oil to produce 16 million KL biodiesel next year, from the [estimated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) 11 million loads needed this year, he added.<br>
+<br>Indonesia's biggest palm oil association GAPKI said a decline in [exports suggested](https://stocktwits.com/symbol/MNEL) there would be enough [raw products](https://stocktwits.com/symbol/MNEL) to provide the B40 required for now.<br>
+<br>But the industry would require to evaluate "which one would be better", GAPKI chairman Eddy Martono stated, referring to the possibility a boost in exports would make supplying the domestic market less viable.<br>
+<br>[Indonesia's palm](https://stocktwits.com/symbol/MNEL) oil output is [estimated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to reach 54.4 million heaps in 2024, a 2.26% increase from last year, while exports are anticipated to decrease by 2.47% to 29.5 million tons as domestic intake increased, driven by biodiesel required.<br>
+<br>The ministry had evaluated the biodiesel, [blended](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) with 40% of palm oil, on a train for the first time previously this week, while preparing to check the B40 mix on [agriculture](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) machinery, [power plants](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and in the shipping market, it stated. (Reporting by [Bernadette Christina](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and Dewi Kurniawati