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.businessnews.com.au/Company/Mission-NewEnergy) allocation decree was waited for by industry<br>
+<br>Indonesia had actually [planned](https://www.google.com/search?kgmid=/m/0cqd_rb) to launch greater biodiesel mix on Jan. 1<br>
+<br>Palm oil benchmark agreement rose 1% after previous fall<br>
+<br>Government intends 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 assigning 15.6 million kilolitres (KL) of [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for 2025 distribution, while providing the market until completion of next month to adjust to the higher level of the fuel in the mix.<br>
+<br>Indonesia, the [world's biggest](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) exporter of palm oil, had actually [planned](https://www.pinterest.com.au/missionnewenergy/) to release the obligatory requirement of 40% palm oil fuel in [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) on Jan. 1, up from 35% now.<br>
+<br>"The ministerial guideline has actually been signed," the minister Bahlil Lahadalia informed reporters, including the government was working to increase the mandatory [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) mix to 50% next year.<br>
+<br>Eniya Listiani Dewi, a ministry senior official, said [biodiesel](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) manufacturers and fuel retailers will be [offered](https://www.zoominfo.com/c/mission-newenergy/346542889) up until Feb. 28 to adjust to the B40 mix. She stated the delay was because of technical obstacles [connected](https://www.google.com/search?kgmid=/m/0cqd_rb) to subsidies for the fuel.<br>
+<br>The [non-implementation](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) on Jan. 1. had led to a 2.6% drop in the Malaysian palm oil criteria agreement on Thursday. On Friday, it recovered by around 1%.<br>
+<br>Fuel retailers and [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) [manufacturers](https://forest500.org/rankings/companies/mission-newenergy-limited) had stated they were unable to draw up contracts for [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) distribution without the decree.<br>
+<br>The [biodiesel allowance](https://www.zoominfo.com/c/mission-newenergy/346542889) for 2025 indicated an increase from 2024's estimated biodiesel intake of 12.98 KL, ministry data showed on Friday.<br>
+<br>Of the total [allocation](https://stocktwits.com/symbol/MNEL) for this year, 7.55 million KL is for the public service responsibility (PSO), which [covers sectors](https://www.zoominfo.com/c/mission-newenergy/346542889) such as mass transit, whose sales will be [subsidised](https://stocktwits.com/symbol/MNEL) by the country's palm oil fund.<br>
+<br>"The staying allowances will be cost market value. The non-PSO allotment is set at 8.07 million KL," Bahlil stated, adding the fund could not subsidise the cost gap between the palm oil and nonrenewable fuel sources for the overall allowance.<br>
+<br>BPDPKS, the firm in charge of gathering and managing the palm oil funds, [estimated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) in November B40 would need a 68% aid increase.<br>
+<br>To assist fund that, Indonesia plans to increase its export levy for [crude palm](https://www.pinterest.com.au/missionnewenergy/) oil (CPO) to 10% from the [current](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) 7.5%, but for that to take place, another main regulation is needed. (Reporting by Bernadette Christina Munthe,  Nangoy, Dewi Kurniawati