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<br>[Biodiesel](https://www.pinterest.com.au/missionnewenergy/) allowance decree was waited for by industry<br> |
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<br>Indonesia had planned to launch greater [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) mix on Jan. 1<br> |
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<br>[Palm oil](https://pitchbook.com/profiles/company/51278-86) benchmark [contract rose](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) 1% after previous fall<br> |
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<br>Government intends for 50% biodiesel mix in 2026<br> |
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<br>(Recasts with energy minister's comment)<br> |
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<br>By [Bernadette Christina](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and [Fransiska](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Nangoy<br> |
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<br>JAKARTA, Jan 3 (Reuters) - Indonesia Energy and Mineral Resources Minister signed a decree on Friday allocating 15.6 million kilolitres (KL) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) for 2025 circulation, while the market up until the end of next month to adjust to the greater level of the fuel in the mix.<br> |
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<br>Indonesia, the world's biggest [exporter](https://forest500.org/rankings/companies/mission-newenergy-limited) of palm oil, had actually prepared to release the obligatory requirement of 40% palm oil fuel in [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) on Jan. 1, up from 35% now.<br> |
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<br>"The ministerial regulation has actually been signed," the [minister Bahlil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) Lahadalia informed reporters, including the federal government was working to increase the compulsory [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) mix to 50% next year.<br> |
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<br>Eniya Listiani Dewi, a [ministry senior](https://pitchbook.com/profiles/company/51278-86) authorities, stated [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [manufacturers](https://pitchbook.com/profiles/company/51278-86) and fuel merchants will be [offered](https://www.crunchbase.com/organization/mission-newenergy) until Feb. 28 to adapt to the B40 mix. She stated the delay was because of technical difficulties linked to [subsidies](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for the fuel.<br> |
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<br>The non-implementation on Jan. 1. had actually caused a 2.6% drop in the Malaysian palm oil criteria contract on Thursday. On Friday, it recuperated by around 1%.<br> |
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<br>Fuel retailers and biodiesel manufacturers had actually said they were unable to draw up contracts for [biodiesel](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) circulation without the decree.<br> |
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<br>The [biodiesel](https://www.pinterest.com.au/missionnewenergy/) allowance for 2025 indicated a boost from 2024's estimated [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) consumption of 12.98 KL, ministry information showed on Friday.<br> |
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<br>Of the total allocation for this year, 7.55 million KL is for the general public service obligation (PSO), which [covers sectors](https://www.zoominfo.com/c/mission-newenergy/346542889) such as public transport, whose sales will be subsidised by the country's palm oil fund.<br> |
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<br>"The remaining allotments will be sold at market value. The non-PSO allowance is set at 8.07 million KL," Bahlil stated, adding the fund could not subsidise the price gap between the palm oil and fossil fuels for the overall [allocation](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br> |
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<br>BPDPKS, the firm in charge of collecting and handling the palm oil funds, approximated in November B40 would need a 68% aid boost.<br> |
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<br>To help fund that, Indonesia prepares to increase its export levy for unrefined palm oil (CPO) to 10% from the current 7.5%, however for that to occur, another official policy is needed. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati |
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