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 greatest palm oil producer, 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 executed, the B40 [required](https://www.businessnews.com.au/Company/Mission-NewEnergy) could increase biodiesel usage to approximately 16 million kilolitres (KL) next year, the ministry said, from 13 million KL estimated to be consumed in 2024.<br>
+<br>"We hope the trials might be finished in December, so that complete application of B40 might be performed in 2025," energy ministry senior [official Eniya](https://www.crunchbase.com/organization/mission-newenergy) Listiani Dewi stated in a declaration on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.zoominfo.com/c/mission-newenergy/346542889) Producers Association (APROBI) said the industry had the capacity to [fulfill](https://www.zoominfo.com/c/mission-newenergy/346542889) B40 demand, with installed capacity expected to [increase](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to 20 million KL annually next year from 18 million KL now.<br>
+<br>"However we will need more raw products to fulfill B40 demand," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br>
+<br>The [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) industry would need 13.9 million [metric heaps](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of crude palm oil to [produce](https://pitchbook.com/profiles/company/51278-86) 16 million KL biodiesel next year, from the [estimated](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 11 million tons needed this year, he added.<br>
+<br>Indonesia's most significant palm oil [association GAPKI](https://www.crunchbase.com/organization/mission-newenergy) said a [decline](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in [exports meant](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) there would suffice basic materials to provide the B40 mandate in the meantime.<br>
+<br>But the market would need to assess "which one would be more valuable", GAPKI chairman Eddy Martono stated, referring to the [possibility](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) a boost in exports would make providing the domestic market less practical.<br>
+<br>[Indonesia's palm](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [oil output](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is estimated to reach 54.4 million loads in 2024, a 2.26% increase from in 2015, while exports are expected to decline by 2.47% to 29.5 million heaps as domestic intake increased, driven by [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) mandate.<br>
+<br>The [ministry](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) had [evaluated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/), mixed with 40% of palm oil, on a train for the very first time earlier today, while preparing to test the B40 mix on farming machinery, [power plants](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and in the [shipping](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) industry, it stated. (Reporting by Bernadette Christina and Dewi Kurniawati