From ad416b1ce525253c0ab52261c9d3f3156699217d Mon Sep 17 00:00:00 2001 From: Buster Mackay Date: Sat, 11 Jan 2025 22:57:22 +0100 Subject: [PATCH] Add 'Indonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025' --- ...-Kilolitres-Biodiesel-Allocation-For-2025.md | 17 +++++++++++++++++ 1 file changed, 17 insertions(+) create mode 100644 Indonesia-Signs-15.6-Mln-Kilolitres-Biodiesel-Allocation-For-2025.md diff --git a/Indonesia-Signs-15.6-Mln-Kilolitres-Biodiesel-Allocation-For-2025.md b/Indonesia-Signs-15.6-Mln-Kilolitres-Biodiesel-Allocation-For-2025.md new file mode 100644 index 0000000..7a7c93d --- /dev/null +++ b/Indonesia-Signs-15.6-Mln-Kilolitres-Biodiesel-Allocation-For-2025.md @@ -0,0 +1,17 @@ +
[Biodiesel allotment](https://pitchbook.com/profiles/company/51278-86) decree was waited for by market
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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
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Palm oil criteria agreement increased 1% after previous fall
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Government goes for 50% biodiesel mix in 2026
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(Recasts with [energy minister's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) remark)
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By Bernadette Christina and Fransiska Nangoy
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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.
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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.
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"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.
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[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.
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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%.
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Fuel sellers and biodiesel manufacturers had said they were not able to prepare contracts for biodiesel distribution without the decree.
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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.
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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.
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"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).
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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/).
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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 \ No newline at end of file