View source for Indonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025

<br>[https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ Biodiesel] allowance decree was waited for by industry<br><br><br>Indonesia had planned to [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 release] higher [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] mix on Jan. 1<br> <br><br>[https://www.bloomberg.com/profile/company/MNELF:US Palm oil] benchmark agreement [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 increased] 1% after previous fall<br><br><br>Government goes for 50% biodiesel mix in 2026<br><br><br>(Recasts with energy minister's comment)<br><br><br>By [https://www.crunchbase.com/organization/mission-newenergy Bernadette Christina] and Fransiska Nangoy<br><br><br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html Mineral Resources] Minister signed a decree on Friday allocating 15.6 million kilolitres (KL) of [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html biodiesel] for 2025 distribution, while providing the industry up until completion of next month to adjust to the greater level of the fuel in the mix.<br><br><br>Indonesia, the world's biggest exporter of palm oil, had actually prepared to launch the necessary requirement of 40% palm oil fuel in biodiesel on Jan. 1, up from 35% now.<br><br><br>"The ministerial policy has actually been signed," the minister Bahlil [https://pitchbook.com/profiles/company/51278-86 Lahadalia informed] reporters, including the government was working to increase the necessary biodiesel mix to 50% next year.<br><br><br>Eniya Listiani Dewi, a ministry senior official, said [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ biodiesel producers] and fuel [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html sellers] will be given up until Feb. 28 to adjust to the B40 mix. She said the delay was since of technical obstacles connected to [https://www.google.com/search?kgmid=/m/0cqd_rb subsidies] for the fuel.<br><br><br>The [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 non-implementation] 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><br>Fuel sellers and [https://forest500.org/rankings/companies/mission-newenergy-limited biodiesel producers] had stated they were not able to draw up [https://www.pinterest.com.au/missionnewenergy/ contracts] for [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ biodiesel distribution] without the decree.<br><br><br>The [https://www.zoominfo.com/c/mission-newenergy/346542889 biodiesel] allowance for 2025 suggested a boost from 2024's estimated biodiesel intake of 12.98 KL, ministry data revealed on Friday.<br><br><br>Of the total allocation for this year, 7.55 million KL is for the general public service [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm commitment] (PSO), which  such as public transport, whose sales will be subsidised by the country's palm oil fund.<br><br><br>"The staying allocations will be cost market cost. The non-PSO allowance is set at 8.07 million KL," Bahlil stated, adding the fund might not [https://pitchbook.com/profiles/company/51278-86 subsidise] the price space in between the palm oil and nonrenewable fuel sources for the general allocation.<br><br><br>BPDPKS, the firm in charge of collecting and [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price managing] the palm oil funds, estimated in November B40 would need a 68% subsidy increase.<br><br><br>To help [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html finance] that, Indonesia plans to increase its export levy for crude palm oil (CPO) to 10% from the existing 7.5%, but for that to occur, another official regulation is required. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati; editing by John Mair, Savio D'Souza, Shri Navaratnam and Barbara Lewis)<br>