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<br>[Biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) allotment decree was waited for by market<br> |
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<br>Indonesia had actually prepared to release greater [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) mix on Jan. 1<br> |
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<br>Palm oil benchmark contract rose 1% after previous fall<br> |
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<br>Government goes for 50% [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) mix in 2026<br> |
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<br>(Recasts with energy minister's comment)<br> |
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<br>By Bernadette Christina and Nangoy<br> |
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<br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources Minister signed a decree on Friday assigning 15.6 million kilolitres (KL) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for 2025 circulation, while providing the industry up until [completion](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of next month to adjust to the higher level of the fuel in the mix.<br> |
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<br>Indonesia, the world's biggest exporter of palm oil, had actually prepared to [introduce](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) the compulsory requirement of 40% palm oil fuel in biodiesel on Jan. 1, up from 35% now.<br> |
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<br>"The ministerial guideline has actually been signed," the minister Bahlil Lahadalia told press reporters, including the [federal government](https://www.bloomberg.com/profile/company/MNELF:US) was working to [increase](https://www.zoominfo.com/c/mission-newenergy/346542889) the necessary [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) mix to 50% next year.<br> |
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<br>Eniya Listiani Dewi, a ministry senior official, said biodiesel manufacturers and fuel merchants will be offered until Feb. 28 to adjust to the B40 mix. She said the delay was since of technical difficulties linked to [subsidies](https://www.google.com/search?kgmid=/m/0cqd_rb) for the fuel.<br> |
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<br>The [non-implementation](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) on Jan. 1. had actually led to a 2.6% drop in the Malaysian palm oil benchmark contract on Thursday. On Friday, it recovered by around 1%.<br> |
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<br>Fuel merchants and [biodiesel](https://www.pinterest.com.au/missionnewenergy/) manufacturers had actually said they were unable to draw up agreements for [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) distribution without the decree.<br> |
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<br>The [biodiesel allotment](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for 2025 indicated a boost from 2024's estimated biodiesel usage of 12.98 KL, ministry information revealed on Friday.<br> |
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<br>Of the overall allocation for this year, 7.55 million KL is for the public service obligation (PSO), which [covers sectors](https://www.pinterest.com.au/missionnewenergy/) such as mass transit, whose sales will be subsidised by the [nation's palm](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) oil fund.<br> |
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<br>"The staying allocations will be offered at market price. The non-PSO allowance is set at 8.07 million KL," Bahlil said, [including](https://www.bloomberg.com/profile/company/MNELF:US) the fund could not subsidise the [cost gap](https://www.businessnews.com.au/Company/Mission-NewEnergy) between the palm oil and nonrenewable fuel sources for the overall [allotment](https://pitchbook.com/profiles/company/51278-86).<br> |
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<br>BPDPKS, the agency in charge of collecting and managing the palm oil funds, approximated in November B40 would require a 68% aid boost.<br> |
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<br>To assist fund that, Indonesia prepares to increase its export levy for crude palm oil (CPO) to 10% from the current 7.5%, but for that to take place, another official guideline is needed. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati |
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