View source for Indonesia Plans Increase In Palm Oil-based Biodiesel In 2025

<br>JAKARTA, July 24 (Reuters) - Indonesia, the world's biggest palm oil manufacturer, is [https://www.pinterest.com.au/missionnewenergy/ testing fuel] with a view to increasing to 40% from 35% the share of palm-oil mixed into [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] next year, the [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html energy ministry] said.<br><br><br>If executed, the B40 required could increase biodiesel consumption to approximately 16 million kilolitres (KL) next year, the ministry said, from 13 million KL estimated to be consumed in 2024.<br><br><br>"We hope the trials might be finished in December, so that complete application of B40 could be performed in 2025," energy ministry senior  Listiani Dewi said in a statement on Tuesday.<br><br><br>The Indonesian [https://www.businessnews.com.au/Company/Mission-NewEnergy Biofuel] Producers Association (APROBI) stated the industry had the capacity to fulfill B40 demand, with set up capability anticipated to [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd increase] to 20 million KL each year next year from 18 million KL now.<br> <br><br>"However we will need more raw products to fulfill B40 demand," Ernest Gunawan, the secretary general of [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 APROBI informed] Reuters on Wednesday.<br><br><br>The [https://www.zoominfo.com/c/mission-newenergy/346542889 biodiesel] industry would need 13.9 million metric lots of [https://stocktwits.com/symbol/MNEL unrefined palm] oil to produce 16 million KL [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] next year, from the estimated 11 million heaps required this year, he added.<br><br><br>[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 Indonesia's] most significant palm oil association GAPKI stated a decline in exports implied there would [https://www.pinterest.com.au/missionnewenergy/ suffice raw] [https://www.investing.com/equities/mission-newenergy-ltd-company-profile materials] to supply the B40 required for now.<br><br><br>But the market would [https://www.bloomberg.com/profile/company/MNELF:US require] to assess "which one would be more valuable", GAPKI chairman Eddy Martono stated, describing the possibility an increase in exports would make supplying the domestic market less practical.<br><br><br>Indonesia's palm [https://www.bloomberg.com/profile/company/MNELF:US oil output] is [https://www.businessnews.com.au/Company/Mission-NewEnergy estimated] to reach 54.4 million lots in 2024, a 2.26% boost from last year, while exports are expected to decrease by 2.47% to 29.5 million tons as domestic consumption rose, driven by [https://www.zoominfo.com/c/mission-newenergy/346542889 biodiesel] required.<br><br><br>The ministry had actually tested the [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price biodiesel], [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd blended] with 40% of palm oil, on a train for the very first time previously this week, while [https://www.bloomberg.com/profile/company/MNELF:US preparing] to check the B40 mix on agriculture machinery, power plants and in the shipping market, it said. (Reporting by Bernadette Christina and Dewi Kurniawati; [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 Writing] by [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 Stanley] Widianto; Editing by John Mair, Savio D'Souza and Barbara Lewis)<br>