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>[https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd Indonesia] had actually [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html prepared] to introduce higher [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 biodiesel] mix on Jan. 1<br><br><br>[https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ Palm oil] criteria agreement rose 1% after previous fall<br><br><br>Government goes for 50% biodiesel mix in 2026<br><br><br>([https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html Recasts] with energy minister's remark)<br><br><br>By Bernadette Christina and Fransiska Nangoy<br><br><br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources [https://www.businessnews.com.au/Company/Mission-NewEnergy Minister] signed a decree on Friday [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm allocating] 15.6 million kilolitres (KL) of [https://forest500.org/rankings/companies/mission-newenergy-limited biodiesel] for 2025 circulation, while giving the market until the end of next month to adjust to the higher level of the fuel in the mix.<br><br><br>Indonesia, the world's largest exporter of palm oil, had planned to introduce the necessary requirement of 40% palm oil fuel in biodiesel on Jan. 1, up from 35% now.<br><br><br>"The ministerial policy has been signed," the minister Bahlil [https://stocktwits.com/symbol/MNEL Lahadalia] told press reporters, including the federal government was working to increase the mandatory [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 biodiesel] mix to 50% next year.<br><br><br>Eniya Listiani Dewi, a ministry senior authorities, stated biodiesel producers and fuel merchants will be offered up until Feb. 28 to adjust to the B40 mix. She stated the hold-up was due to the fact that of technical obstacles linked to subsidies for the fuel.<br><br><br>The non-implementation on Jan. 1. had led to a 2.6% drop in the Malaysian palm oil criteria contract on Thursday. On Friday, it [https://www.bloomberg.com/profile/company/MNELF:US recovered] by around 1%.<br><br><br>Fuel sellers and [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html biodiesel producers] had actually said they were not able to prepare agreements for [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html biodiesel distribution] without the decree.<br><br><br>The [https://www.bloomberg.com/profile/company/MNELF:US biodiesel allowance] for 2025 indicated a boost from 2024's estimated biodiesel intake of 12.98 KL, ministry information showed on Friday.<br><br><br>Of the overall [https://pitchbook.com/profiles/company/51278-86 allowance] for this year, 7.55 million KL is for the general public service responsibility (PSO), which covers sectors such as mass transit, whose sales will be subsidised by the [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html nation's palm] oil fund.<br><br><br>"The staying allotments will be offered at market value. The non-PSO allowance is set at 8.07 million KL," Bahlil stated, adding the fund might not [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html subsidise] the price space between the palm oil and nonrenewable [https://www.pinterest.com.au/missionnewenergy/ fuel sources] for the general allocation.<br><br><br>BPDPKS, the agency in charge of gathering and managing the palm oil funds, [https://www.google.com/search?kgmid=/m/0cqd_rb estimated] in November B40 would need a 68% .<br><br><br>To assist finance that, Indonesia prepares to increase its [https://stocktwits.com/symbol/MNEL export levy] for crude palm oil (CPO) to 10% from the present 7.5%, however for that to take place, another main guideline is required. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati; editing by John Mair, Savio D'Souza, Shri Navaratnam and Barbara Lewis)<br>