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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) palm oil manufacturer, is [evaluating fuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) with a view to increasing to 40% from 35% the share of [palm-oil mixed](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) into [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) next year, the energy ministry stated.<br>
+<br>If implemented, the B40 mandate might increase [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) consumption to up to 16 million [kilolitres](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) (KL) next year, the ministry said, from 13 million KL approximated to be consumed in 2024.<br>
+<br>"We hope the trials could be finished in December, so that complete execution of B40 might be carried out in 2025," energy ministry senior main Eniya Listiani Dewi said in a declaration on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://stocktwits.com/symbol/MNEL) Producers Association (APROBI) stated the market had the capability to fulfill B40 need, with set up [capacity expected](https://www.crunchbase.com/organization/mission-newenergy) to rise to 20 million KL each year next year from 18 million KL now.<br>
+<br>"However we will need more raw materials to meet B40 demand," Ernest Gunawan, the  general of APROBI told [Reuters](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) on Wednesday.<br>
+<br>The [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) market would need 13.9 million metric lots of crude palm 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 tons needed this year, he included.<br>
+<br>Indonesia's greatest palm oil association GAPKI stated a decrease in exports implied there would be adequate basic materials to supply the B40 [mandate](https://stocktwits.com/symbol/MNEL) for now.<br>
+<br>But the industry would need to evaluate "which one would be better", GAPKI chairman Eddy Martono stated, referring to the possibility an increase in exports would make supplying the domestic market less practical.<br>
+<br>[Indonesia's palm](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil output is [approximated](https://stocktwits.com/symbol/MNEL) to reach 54.4 million lots in 2024, a 2.26% [increase](https://pitchbook.com/profiles/company/51278-86) from in 2015, while exports are [expected](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to decrease by 2.47% to 29.5 million loads as [domestic intake](https://stocktwits.com/symbol/MNEL) increased, driven by [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) required.<br>
+<br>The ministry had evaluated the [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd), combined with 40% of palm oil, on a train for the very first time previously this week, while [planning](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to test the B40 mix on farming equipment, power plants and in the shipping industry, it said. (Reporting by Bernadette Christina and Dewi Kurniawati