From 9673c60fbaa1ae8fc29678132757db19f97b6e49 Mon Sep 17 00:00:00 2001 From: Senaida Luster Date: Sun, 12 Jan 2025 19:11:50 +0800 Subject: [PATCH] Add 'Indonesia Plans Increase in Palm Oil-based Biodiesel In 2025' --- ...ans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md | 10 ++++++++++ 1 file changed, 10 insertions(+) create mode 100644 Indonesia-Plans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md diff --git a/Indonesia-Plans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md b/Indonesia-Plans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md new file mode 100644 index 0000000..54f8bc8 --- /dev/null +++ b/Indonesia-Plans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md @@ -0,0 +1,10 @@ +
JAKARTA, July 24 (Reuters) - Indonesia, the [world's biggest](https://www.businessnews.com.au/Company/Mission-NewEnergy) palm oil producer, is [testing](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel with a view to increasing to 40% from 35% the share of palm-oil blended into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) next year, the energy ministry said.
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If [carried](https://www.zoominfo.com/c/mission-newenergy/346542889) out, the B40 [required](https://stocktwits.com/symbol/MNEL) might [increase biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) usage to as much as 16 million kilolitres (KL) next year, the ministry stated, from 13 million KL estimated to be consumed in 2024.
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"We hope the trials might be ended up in December, so that complete implementation of B40 could be performed in 2025," energy ministry senior official Eniya Listiani Dewi stated in a declaration on Tuesday.
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The Indonesian [Biofuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Producers [Association](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) (APROBI) said the industry had the capacity to fulfill B40 need, with installed capability anticipated to rise to 20 million KL every year next year from 18 million KL now.
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"However we will need more basic materials to meet B40 need," Ernest Gunawan, the secretary general of APROBI told Reuters on Wednesday.
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The [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) market would need 13.9 million metric lots of unrefined palm oil to produce 16 million KL biodiesel next year, from the [approximated](https://pitchbook.com/profiles/company/51278-86) 11 million tons needed this year, he included.
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Indonesia's most significant [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 said a decrease in exports indicated there would be [sufficient raw](https://stocktwits.com/symbol/MNEL) products to supply the B40 [mandate](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) for now.
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But the industry would need to assess "which one would be more valuable", GAPKI chairman Eddy Martono said, referring to the possibility an increase in exports would make supplying the domestic market less viable.
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Indonesia's palm oil output is to reach 54.4 million heaps in 2024, a 2.26% boost from in 2015, while exports are anticipated to decrease by 2.47% to 29.5 million loads as [domestic consumption](https://pitchbook.com/profiles/company/51278-86) rose, driven by biodiesel mandate.
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The [ministry](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) had actually tested the [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053), mixed with 40% of palm oil, on a train for the very first time earlier today, while [preparing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to check the B40 mix on farming equipment, power plants and in the shipping market, it said. (Reporting by Bernadette Christina and Dewi Kurniawati \ No newline at end of file