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  greatest palm oil manufacturer, is [testing](https://www.zoominfo.com/c/mission-newenergy/346542889) fuel with a view to [increasing](https://stocktwits.com/symbol/MNEL) to 40% from 35% the share of palm-oil mixed into [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) next year, the energy ministry said.<br>
+<br>If carried out, the B40 required might [increase biodiesel](https://stocktwits.com/symbol/MNEL) consumption to as much as 16 million kilolitres (KL) next year, the ministry stated, from 13 million [KL estimated](https://www.bloomberg.com/profile/company/MNELF:US) to be consumed in 2024.<br>
+<br>"We hope the trials might be ended up in December, so that full application of B40 might be performed in 2025," [energy ministry](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) senior official Eniya Listiani [Dewi stated](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in a declaration on Tuesday.<br>
+<br>The [Indonesian](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [Biofuel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) Producers Association (APROBI) said the industry had the [capability](https://www.bloomberg.com/profile/company/MNELF:US) to meet B40 demand, with installed capacity anticipated 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 satisfy B40 demand," Ernest Gunawan, the secretary general of APROBI told Reuters on Wednesday.<br>
+<br>The [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) market would require 13.9 million metric lots of unrefined palm oil to [produce](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) 16 million KL [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) next year, from the [approximated](https://www.google.com/search?kgmid=/m/0cqd_rb) 11 million heaps required this year, he added.<br>
+<br>[Indonesia's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) greatest palm oil association GAPKI said a decrease in exports meant there would suffice raw products to provide the B40 mandate for now.<br>
+<br>But the industry would need to examine "which one would be better", GAPKI chairman Eddy Martono stated, describing the [possibility](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) an increase in exports would make providing the domestic market less practical.<br>
+<br>Indonesia's palm oil output is approximated to reach 54.4 million heaps in 2024, a 2.26% increase from in 2015, while exports are anticipated to decrease by 2.47% to 29.5 million lots as domestic intake rose, driven by [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) required.<br>
+<br>The ministry had tested the [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price), blended with 40% of palm oil, on a train for the very first time previously this week, while [preparing](https://www.zoominfo.com/c/mission-newenergy/346542889) to evaluate the B40 mix on agriculture equipment, [power plants](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) and in the shipping market, it said. (Reporting by Bernadette Christina and Dewi Kurniawati