Add 'Indonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025'

Indonesia-Signs-15.6-Mln-Kilolitres-Biodiesel-Allocation-For-2025.md

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+<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) allotment decree was waited for by market<br>
+<br>Indonesia had actually prepared to launch greater [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) mix on Jan. 1<br>
+<br>Palm oil standard [agreement increased](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 1% after previous fall<br>
+<br>Government goes for 50% biodiesel mix in 2026<br>
+<br>(Recasts with energy minister's comment)<br>
+<br>By Bernadette Christina and Fransiska Nangoy<br>
+<br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources Minister signed a decree on Friday allocating 15.6 million kilolitres (KL) of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for 2025 distribution, while offering the industry up until completion of next month to adjust to the higher level of the fuel in the mix.<br>
+<br>Indonesia, the world's biggest exporter of palm oil, had planned to launch the obligatory requirement of 40% palm oil fuel in [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) on Jan. 1, up from 35% now.<br>
+<br>"The ministerial policy has been signed," the minister Bahlil Lahadalia informed reporters, including the government was working to increase the necessary biodiesel mix to 50% next year.<br>
+<br>Eniya Listiani Dewi, a ministry senior authorities, said [biodiesel manufacturers](https://www.google.com/search?kgmid=/m/0cqd_rb) and [fuel retailers](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) will be provided till Feb. 28 to adapt to the B40 mix. She stated the delay was because of [technical challenges](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [connected](https://www.crunchbase.com/organization/mission-newenergy) to aids for the fuel.<br>
+<br>The non-implementation on Jan. 1. had actually led to a 2.6% drop in the Malaysian palm oil standard [agreement](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) on Thursday. On Friday, it recuperated by around 1%.<br>
+<br>Fuel retailers and [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm)  had said they were unable to draw up contracts for biodiesel circulation without the decree.<br>
+<br>The biodiesel allocation for 2025 suggested an [increase](https://pitchbook.com/profiles/company/51278-86) from 2024's estimated [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) intake of 12.98 KL, ministry data revealed on Friday.<br>
+<br>Of the overall allotment for this year, 7.55 million KL is for the general public service commitment (PSO), which [covers sectors](https://stocktwits.com/symbol/MNEL) such as public transport, whose sales will be subsidised by the nation's palm oil fund.<br>
+<br>"The staying allocations will be cost market rate. The non-PSO allotment is set at 8.07 million KL," Bahlil stated, adding the fund might not [subsidise](https://forest500.org/rankings/companies/mission-newenergy-limited) the [rate space](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) between the palm oil and nonrenewable [fuel sources](https://www.google.com/search?kgmid=/m/0cqd_rb) for the general [allocation](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
+<br>BPDPKS, the firm in charge of [gathering](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and managing the palm oil funds, [approximated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in November B40 would need a 68% aid increase.<br>
+<br>To help finance that, Indonesia plans to increase its export levy for unrefined palm oil (CPO) to 10% from the existing 7.5%, but for that to happen, another official policy is required. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati