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

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

@@ -0,0 +1,17 @@
+<br>Biodiesel allowance decree was waited for by industry<br>
+<br>Indonesia had actually planned to release higher [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) mix on Jan. 1<br>
+<br>Palm oil criteria agreement increased 1% after previous fall<br>
+<br>Government aims for 50% biodiesel mix in 2026<br>
+<br>([Recasts](https://stocktwits.com/symbol/MNEL) 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 a decree on Friday assigning 15.6 million kilolitres (KL) of biodiesel for 2025 distribution, while [offering](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the market till the end of next month to adapt to the higher level of the fuel in the mix.<br>
+<br>Indonesia, the world's largest  of palm oil, had actually prepared to introduce the necessary [requirement](https://www.businessnews.com.au/Company/Mission-NewEnergy) of 40% [palm oil](https://www.businessnews.com.au/Company/Mission-NewEnergy) fuel in biodiesel on Jan. 1, up from 35% now.<br>
+<br>"The ministerial guideline has actually been signed," the minister Bahlil [Lahadalia](https://www.pinterest.com.au/missionnewenergy/) told press reporters, adding the government was working to increase the [compulsory biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) mix to 50% next year.<br>
+<br>Eniya Listiani Dewi, a ministry senior official, said [biodiesel manufacturers](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and fuel sellers will be offered until Feb. 28 to adjust to the B40 mix. She said the hold-up was since of [technical challenges](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) linked to subsidies for the fuel.<br>
+<br>The [non-implementation](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) on Jan. 1. had led to a 2.6% drop in the [Malaysian palm](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) oil [standard agreement](https://www.bloomberg.com/profile/company/MNELF:US) on Thursday. On Friday, it recuperated by around 1%.<br>
+<br>Fuel sellers and biodiesel producers had said they were not able to prepare contracts for biodiesel distribution without the decree.<br>
+<br>The [biodiesel allotment](https://www.businessnews.com.au/Company/Mission-NewEnergy) for 2025 suggested an increase from 2024's estimated [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) intake of 12.98 KL, ministry data revealed on Friday.<br>
+<br>Of the overall allocation for this year, 7.55 million KL is for the general public service commitment (PSO), which covers sectors such as public transport, whose sales will be [subsidised](https://www.pinterest.com.au/missionnewenergy/) by the [nation's palm](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) oil fund.<br>
+<br>"The remaining allowances will be cost market cost. The non-PSO allotment is set at 8.07 million KL," Bahlil stated, adding the fund might not subsidise the [cost space](https://stocktwits.com/symbol/MNEL) in between the palm oil and nonrenewable fuel sources for the total allocation.<br>
+<br>BPDPKS, the firm in charge of gathering and managing the palm oil funds, approximated in November B40 would need a 68% subsidy boost.<br>
+<br>To help [finance](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) that, [Indonesia](https://www.crunchbase.com/organization/mission-newenergy) prepares to increase its export levy for crude palm oil (CPO) to 10% from the present 7.5%, but for that to occur, another main policy is needed. (Reporting by Bernadette Christina Munthe, [Fransiska](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Nangoy, Dewi Kurniawati