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<br>Biodiesel allowance decree was waited for by industry<br> |
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<br>Indonesia had actually [planned](https://www.google.com/search?kgmid=/m/0cqd_rb) to launch higher biodiesel mix on Jan. 1<br> |
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<br>[Palm oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [standard contract](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) [increased](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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 remark)<br> |
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<br>By Bernadette Christina and [Fransiska](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) Nangoy<br> |
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<br>JAKARTA, Jan 3 (Reuters) [- Indonesia](https://www.bloomberg.com/profile/company/MNELF:US) Energy and Mineral Resources Minister signed a decree on Friday assigning 15.6 million kilolitres (KL) of [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for 2025 circulation, while providing the market up until the end of next month to adapt to the greater level of the fuel in the mix.<br> |
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<br>Indonesia, the world's biggest exporter of palm oil, had actually [prepared](https://www.bloomberg.com/profile/company/MNELF:US) to introduce the obligatory requirement of 40% palm [oil fuel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) on Jan. 1, up from 35% now.<br> |
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<br>"The ministerial regulation has actually been signed," the minister Bahlil Lahadalia told press reporters, including the government was working to increase the mandatory [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) mix to 50% next year.<br> |
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<br>Eniya Listiani Dewi, a ministry senior authorities, said biodiesel manufacturers and fuel [retailers](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) will be offered up until Feb. 28 to adjust to the B40 mix. She said the delay was because of technical challenges linked to aids for the fuel.<br> |
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<br>The non-implementation on Jan. 1. had resulted in a 2.6% drop in the Malaysian palm oil [benchmark agreement](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) on Thursday. On Friday, it recuperated by around 1%.<br> |
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<br>Fuel retailers and biodiesel producers had stated they were unable to draw up agreements for [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [circulation](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) without the decree.<br> |
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<br>The biodiesel allocation for 2025 showed an increase from 2024's estimated biodiesel usage of 12.98 KL, ministry data revealed on Friday.<br> |
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<br>Of the overall allowance for this year, 7.55 million KL is for the general public service obligation (PSO), which covers sectors such as public transport, whose sales will be subsidised by the [nation's palm](https://www.zoominfo.com/c/mission-newenergy/346542889) [oil fund](https://stocktwits.com/symbol/MNEL).<br> |
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<br>"The staying allowances will be cost market value. The non-PSO allotment is set at 8.07 million KL," Bahlil said, including the fund might not [subsidise](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) the [rate gap](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) in between the palm oil and fossil fuels for the total allowance.<br> |
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<br>BPDPKS, the agency in charge of [gathering](https://www.pinterest.com.au/missionnewenergy/) and handling the palm oil funds, estimated in November B40 would need a 68% aid boost.<br> |
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<br>To help fund that, Indonesia plans to its export levy for unrefined palm oil (CPO) to 10% from the current 7.5%, however for that to happen, another main regulation is required. (Reporting by [Bernadette Christina](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) Munthe, Fransiska Nangoy, Dewi Kurniawati |
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