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<br>[Biodiesel allotment](https://pitchbook.com/profiles/company/51278-86) decree was waited for by market<br> |
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<br>Indonesia had actually planned to [release](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) higher [biodiesel](https://www.pinterest.com.au/missionnewenergy/) mix on Jan. 1<br> |
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<br>Palm oil criteria agreement increased 1% after previous fall<br> |
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<br>Government goes for 50% biodiesel mix in 2026<br> |
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<br>(Recasts with [energy minister's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) remark)<br> |
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<br>By Bernadette Christina and Fransiska Nangoy<br> |
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<br>JAKARTA, Jan 3 (Reuters) [- Indonesia](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) Energy and [Mineral Resources](https://www.google.com/search?kgmid=/m/0cqd_rb) Minister signed a decree on Friday assigning 15.6 million kilolitres (KL) of [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for 2025 circulation, while providing the [industry](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) up until the end of next month to adapt to the higher level of the fuel in the mix.<br> |
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<br>Indonesia, the world's biggest exporter of palm oil, had prepared to launch the obligatory requirement of 40% palm oil fuel in biodiesel on Jan. 1, up from 35% now.<br> |
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<br>"The ministerial guideline has actually been signed," the minister Bahlil Lahadalia told press reporters, including the government was working to increase the obligatory biodiesel mix to 50% next year.<br> |
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<br>[Eniya Listiani](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) Dewi, a ministry senior official, stated biodiesel manufacturers and fuel merchants will be [offered](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) up until Feb. 28 to adjust to the B40 mix. She stated the hold-up was due to the fact that of technical difficulties linked to aids for the fuel.<br> |
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<br>The [non-implementation](https://www.crunchbase.com/organization/mission-newenergy) on Jan. 1. had resulted in a 2.6% drop in the Malaysian palm oil [standard contract](https://www.google.com/search?kgmid=/m/0cqd_rb) on Thursday. On Friday, it [recuperated](https://www.businessnews.com.au/Company/Mission-NewEnergy) by around 1%.<br> |
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<br>Fuel sellers and biodiesel manufacturers had said they were not able to prepare contracts for biodiesel distribution without the decree.<br> |
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<br>The biodiesel allotment for 2025 suggested a boost from 2024's approximated [biodiesel consumption](https://pitchbook.com/profiles/company/51278-86) of 12.98 KL, ministry data revealed on Friday.<br> |
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<br>Of the total allowance for this year, 7.55 million KL is for the public service responsibility (PSO), which covers sectors such as mass transit, whose sales will be subsidised by the [country's palm](https://www.crunchbase.com/organization/mission-newenergy) oil fund.<br> |
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<br>"The remaining allowances will be offered at market value. The non-PSO allotment is set at 8.07 million KL," Bahlil stated, adding the fund could not [subsidise](https://pitchbook.com/profiles/company/51278-86) the cost space in between the palm oil and nonrenewable fuel sources for the overall [allowance](https://pitchbook.com/profiles/company/51278-86).<br> |
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<br>BPDPKS, the agency in charge of collecting and handling the palm oil funds, approximated in November B40 would require a 68% [subsidy boost](https://www.pinterest.com.au/missionnewenergy/).<br> |
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<br>To help finance that, Indonesia plans to increase its export levy for [unrefined palm](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil (CPO) to 10% from the 7.5%, but for that to happen, another [official regulation](https://www.bloomberg.com/profile/company/MNELF:US) is required. (Reporting by [Bernadette Christina](https://www.pinterest.com.au/missionnewenergy/) Munthe, Fransiska Nangoy, Dewi Kurniawati |
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