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Jump to navigationJump to searchIndonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025 (view source)
Revision as of 18:18, 10 January 2025
, 10 JanuaryCreated page with "<br>[https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 Biodiesel] allocation decree was awaited by industry<br><br><br..."
<br>[https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 Biodiesel] allocation decree was awaited by industry<br><br><br>Indonesia had planned to release higher biodiesel mix on Jan. 1<br><br><br>Palm oil criteria agreement increased 1% after previous fall<br><br><br>Government goes for 50% [https://www.pinterest.com.au/missionnewenergy/ biodiesel mix] in 2026<br><br><br>(Recasts with energy minister's remark)<br><br><br>By Bernadette Christina and [https://www.crunchbase.com/organization/mission-newenergy Fransiska] Nangoy<br><br><br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources a decree on Friday designating 15.6 million kilolitres (KL) of [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price biodiesel] for 2025 distribution, while providing the industry till completion of next month to adjust to the higher level of the fuel in the mix.<br><br><br>Indonesia, the world's largest exporter of palm oil, had [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ planned] to launch the mandatory requirement of 40% palm oil fuel in [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm biodiesel] on Jan. 1, up from 35% now.<br><br><br>"The ministerial guideline has been signed," the minister Bahlil Lahadalia told press reporters, including the federal government was working to increase the mandatory biodiesel mix to 50% next year.<br><br><br>Eniya Listiani Dewi, a ministry senior authorities, stated biodiesel manufacturers and fuel sellers will be [https://forest500.org/rankings/companies/mission-newenergy-limited offered] up until Feb. 28 to adjust to the B40 mix. She stated the hold-up was because of [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ technical challenges] linked to subsidies for the fuel.<br><br><br>The [https://www.google.com/search?kgmid=/m/0cqd_rb non-implementation] on Jan. 1. had actually caused a 2.6% drop in the [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ Malaysian palm] oil criteria agreement on Thursday. On Friday, it recuperated by around 1%.<br> <br><br>Fuel sellers and biodiesel manufacturers had said they were not able to draw up agreements for biodiesel distribution without the decree.<br><br><br>The biodiesel allotment for 2025 showed a boost from 2024's estimated [https://www.zoominfo.com/c/mission-newenergy/346542889 biodiesel] consumption of 12.98 KL, ministry information [https://forest500.org/rankings/companies/mission-newenergy-limited revealed] on Friday.<br><br><br>Of the overall allowance for this year, 7.55 million KL is for the public service [https://www.zoominfo.com/c/mission-newenergy/346542889 responsibility] (PSO), which [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price covers sectors] such as mass transit, whose sales will be subsidised by the nation's palm oil fund.<br><br><br>"The remaining allotments will be cost market rate. The non-PSO allocation is set at 8.07 million KL," Bahlil stated, including the fund might not subsidise the cost space in between the [https://stocktwits.com/symbol/MNEL palm oil] and [https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/ nonrenewable fuel] sources for the general [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm allocation].<br><br><br>BPDPKS, the firm in charge of collecting and managing the palm oil funds, approximated in November B40 would require a 68% subsidy increase.<br><br><br>To help finance that, Indonesia prepares to increase its [https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm export levy] for [https://www.google.com/search?kgmid=/m/0cqd_rb unrefined palm] oil (CPO) to 10% from the present 7.5%, but for that to take place, another official guideline is [https://forest500.org/rankings/companies/mission-newenergy-limited required]. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati; editing by John Mair, Savio D'Souza, [https://www.businessnews.com.au/Company/Mission-NewEnergy Shri Navaratnam] and Barbara Lewis)<br>
