Add 'Indonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025'

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      Indonesia-Signs-15.6-Mln-Kilolitres-Biodiesel-Allocation-For-2025.md

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<br>[Biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) allowance decree was waited for by market<br>
<br>Indonesia had actually planned to launch greater biodiesel mix on Jan. 1<br>
<br>Palm oil benchmark contract increased 1% after previous fall<br>
<br>Government goes for 50% [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) mix in 2026<br>
<br>(Recasts with energy minister's comment)<br>
<br>By Bernadette Christina and Fransiska Nangoy<br>
<br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources [Minister signed](https://www.zoominfo.com/c/mission-newenergy/346542889) a decree on Friday [assigning](https://www.pinterest.com.au/missionnewenergy/) 15.6 million kilolitres (KL) of biodiesel for 2025 circulation, while offering the industry till the end of next month to adapt to the greater level of the fuel in the mix.<br>
<br>Indonesia, the world's largest exporter of palm oil, had actually prepared to release the mandatory requirement of 40% palm oil fuel in biodiesel on Jan. 1, up from 35% now.<br>
<br>"The ministerial guideline has been signed," the minister Bahlil Lahadalia told reporters, adding the federal government was working to increase the mandatory [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) mix to 50% next year.<br>
<br>Eniya Listiani Dewi, a ministry senior official, stated biodiesel producers and [fuel sellers](https://www.crunchbase.com/organization/mission-newenergy) will be [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) till Feb. 28 to adjust to the B40 mix. She said the was because of technical obstacles connected to [subsidies](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for the fuel.<br>
<br>The non-implementation on Jan. 1. had led to a 2.6% drop in the Malaysian palm oil [standard agreement](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) on Thursday. On Friday, it recuperated by around 1%.<br>
<br>[Fuel sellers](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [biodiesel producers](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) had stated they were unable to draw up agreements for [biodiesel distribution](https://www.google.com/search?kgmid=/m/0cqd_rb) without the decree.<br>
<br>The biodiesel allocation for 2025 suggested an increase from 2024['s approximated](https://forest500.org/rankings/companies/mission-newenergy-limited) [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) usage of 12.98 KL, ministry data revealed on Friday.<br>
<br>Of the overall allotment 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 country's palm oil fund.<br>
<br>"The staying allotments will be sold at market rate. The non-PSO allotment is set at 8.07 million KL," Bahlil said, [including](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the fund might not subsidise the rate gap in between the palm oil and [fossil fuels](https://forest500.org/rankings/companies/mission-newenergy-limited) for the general [allocation](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>BPDPKS, the [company](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in charge of gathering and handling the palm oil funds, [approximated](https://www.zoominfo.com/c/mission-newenergy/346542889) in November B40 would require a 68% [subsidy increase](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br>
<br>To help fund that, Indonesia prepares to increase its export levy for unrefined palm oil (CPO) to 10% from the current 7.5%, however for that to occur, another main policy is needed. (Reporting by Bernadette Christina Munthe, [Fransiska](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Nangoy, Dewi Kurniawati
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