Add 'Indonesia Plans Increase in Palm Oil-based Biodiesel In 2025'

Indonesia-Plans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md

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+<br>JAKARTA, July 24 (Reuters) - Indonesia, the [world's biggest](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) palm oil manufacturer, is checking fuel with a view to increasing to 40% from 35% the share of palm-oil blended into biodiesel next year, the energy ministry stated.<br>
+<br>If implemented, the B40 mandate could [increase biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) intake to approximately 16 million kilolitres (KL) next year, the [ministry](https://pitchbook.com/profiles/company/51278-86) said, from 13 million KL estimated to be consumed in 2024.<br>
+<br>"We hope the trials might be completed in December, so that complete execution of B40 might be brought out in 2025," [energy ministry](https://pitchbook.com/profiles/company/51278-86) senior [main Eniya](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [Listiani Dewi](https://www.google.com/search?kgmid=/m/0cqd_rb) stated in a statement on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Producers Association (APROBI) stated the market had the capacity to [fulfill](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) B40 need, with installed capability expected to increase to 20 million [KL annually](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) next year from 18 million KL now.<br>
+<br>"However we will require more raw materials to fulfill B40 demand," Ernest Gunawan, the [secretary](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) general of APROBI informed Reuters on Wednesday.<br>
+<br>The biodiesel industry would require 13.9 million metric tons of [crude palm](https://www.crunchbase.com/organization/mission-newenergy) oil to produce 16 million [KL biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) next year, from the approximated 11 million heaps required this year, he added.<br>
+<br>Indonesia's [biggest palm](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil association GAPKI stated a decline in exports suggested there would be enough raw materials to supply the B40  in the meantime.<br>
+<br>But the industry would require to evaluate "which one would be better", GAPKI chairman Eddy Martono stated, describing the possibility a boost in exports would make providing the [domestic market](https://www.zoominfo.com/c/mission-newenergy/346542889) less feasible.<br>
+<br>[Indonesia's palm](https://forest500.org/rankings/companies/mission-newenergy-limited) oil output is approximated to reach 54.4 million heaps in 2024, a 2.26% increase from in 2015, while exports are anticipated to decline by 2.47% to 29.5 million lots as domestic consumption increased, driven by biodiesel required.<br>
+<br>The ministry had tested the [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), [combined](https://www.bloomberg.com/profile/company/MNELF:US) with 40% of palm oil, on a train for the very first time previously this week, while planning to test the B40 mix on farming machinery, [power plants](https://www.businessnews.com.au/Company/Mission-NewEnergy) and in the [shipping](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) industry, it stated. (Reporting by Bernadette Christina and Dewi Kurniawati