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

<br>JAKARTA, July 24 (Reuters) - Indonesia, the world's most significant palm oil producer, is [https://www.crunchbase.com/organization/mission-newenergy checking] fuel with a view to increasing to 40% from 35% the share of palm-oil mixed into [https://stocktwits.com/symbol/MNEL biodiesel] next year, the [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd energy ministry] stated.<br><br><br>If executed, the B40 mandate could [https://www.bloomberg.com/profile/company/MNELF:US increase] [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ biodiesel] usage to up to 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 could be ended up in December, so that complete application of B40 might be carried out in 2025," energy ministry senior official Eniya Listiani Dewi stated in a declaration on Tuesday.<br><br><br>The [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html Indonesian] [https://stocktwits.com/symbol/MNEL Biofuel] Producers Association (APROBI) said the market had the capacity to satisfy B40 demand, with installed capability [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html expected] to rise to 20 million KL each year next year from 18 million KL now.<br><br><br>"However we will need more raw products to satisfy B40 need," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br><br><br>The biodiesel market would [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ require] 13.9 million metric lots of crude 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 approximated 11 million heaps required this year, he added.<br><br><br>[https://pitchbook.com/profiles/company/51278-86 Indonesia's] greatest palm oil association GAPKI said a decline in exports implied there would suffice raw materials to provide the B40 [https://stocktwits.com/symbol/MNEL mandate] for now.<br><br><br>But the market would need to evaluate "which one would be more important",  Eddy Martono said, referring to the [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm possibility] a boost in [https://www.crunchbase.com/organization/mission-newenergy exports] would make supplying the domestic market less feasible.<br><br><br>Indonesia's palm oil output is estimated to reach 54.4 million tons in 2024, a 2.26% boost from in 2015, while exports are anticipated to [https://stocktwits.com/symbol/MNEL decline] by 2.47% to 29.5 million lots as domestic intake rose, driven by biodiesel mandate.<br><br><br>The ministry had actually tested the [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel], [https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd blended] with 40% of palm oil, on a train for the first time earlier today, while [https://pitchbook.com/profiles/company/51278-86 planning] to check the B40 mix on agriculture machinery, power plants and in the shipping industry, it said. (Reporting by Bernadette Christina and Dewi Kurniawati; [https://www.bloomberg.com/profile/company/MNELF:US Writing] by Stanley Widianto; [https://www.zoominfo.com/c/mission-newenergy/346542889 Editing] by John Mair, [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 Savio D'Souza] and Barbara Lewis)<br>