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](https://www.bloomberg.com/profile/company/MNELF:US) greatest [palm oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) manufacturer, is evaluating fuel with a view to increasing to 40% from 35% the share of palm-oil combined into [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) next year, the energy ministry said.<br>
+<br>If [carried](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) out, the B40 required could [increase biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) intake to as much as 16 million kilolitres (KL) next year, the ministry said, from 13 million KL approximated to be consumed in 2024.<br>
+<br>"We hope the trials might be ended up in December, so that complete execution of B40 might be performed in 2025," [energy ministry](https://pitchbook.com/profiles/company/51278-86) senior main Eniya Listiani Dewi said in a declaration on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://stocktwits.com/symbol/MNEL) Producers Association (APROBI) said the market had the capacity to satisfy B40 demand, with installed capacity [anticipated](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to [increase](https://pitchbook.com/profiles/company/51278-86) to 20 million KL each year next year from 18 million KL now.<br>
+<br>"However we will require more basic materials to satisfy B40 need," Ernest Gunawan, the secretary general of APROBI informed Reuters on Wednesday.<br>
+<br>The  would need 13.9 million metric loads of crude palm oil to produce 16 million KL [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) next year, from the estimated 11 million [heaps required](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) this year, he added.<br>
+<br>Indonesia's biggest palm [oil association](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) GAPKI stated a decrease in exports meant there would be adequate raw materials to provide the B40 required in the meantime.<br>
+<br>But the industry would require to assess "which one would be more valuable", GAPKI chairman Eddy [Martono](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) stated, describing the [possibility](https://www.zoominfo.com/c/mission-newenergy/346542889) a boost in exports would make [providing](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) the domestic market less feasible.<br>
+<br>Indonesia's palm oil output is [estimated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to reach 54.4 million heaps in 2024, a 2.26% increase from last year, while [exports](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) are expected to decrease by 2.47% to 29.5 million tons as domestic consumption increased, driven by [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) mandate.<br>
+<br>The ministry had actually tested the [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608), combined with 40% of palm oil, on a train for the very first time earlier this week, while [preparing](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to check the B40 mix on agriculture equipment, power plants and in the [shipping](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market, it stated. (Reporting by Bernadette Christina and Dewi Kurniawati