Add 'Indonesia Plans Increase in Palm Oil-based Biodiesel In 2025'

Indonesia-Plans-Increase-in-Palm-Oil-based-Biodiesel-In-2025.md

@@ -0,0 +1,10 @@
+<br>JAKARTA, July 24 (Reuters) - Indonesia, the world's greatest palm oil manufacturer, is evaluating fuel with a view to increasing to 40% from 35% the share of [palm-oil mixed](https://www.crunchbase.com/organization/mission-newenergy) into [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) next year, the energy ministry stated.<br>
+<br>If implemented, the B40 required might increase [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) intake to as much as 16 million kilolitres (KL) next year, the ministry said, from 13 million KL approximated to be [consumed](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) in 2024.<br>
+<br>"We hope the trials might be ended up in December, so that full execution of B40 might be performed in 2025," energy ministry senior official Eniya Listiani Dewi stated in a declaration on Tuesday.<br>
+<br>The Indonesian [Biofuel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/)  Association (APROBI) stated the industry had the capability to fulfill B40 need, with set up capacity anticipated to [increase](https://www.zoominfo.com/c/mission-newenergy/346542889) to 20 million KL each year next year from 18 million KL now.<br>
+<br>"However we will require more basic materials to satisfy B40 demand," Ernest Gunawan, the secretary general of APROBI told Reuters on Wednesday.<br>
+<br>The [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) industry would need 13.9 million metric lots of [unrefined palm](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) oil to produce 16 million KL [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) next year, from the estimated 11 million tons required this year, he included.<br>
+<br>[Indonesia's](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) greatest palm oil association GAPKI said a decrease in exports indicated there would be adequate raw products to provide the B40 required in the meantime.<br>
+<br>But the market would need to assess "which one would be better", GAPKI chairman Eddy Martono stated, describing the [possibility](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) an increase in exports would make providing the [domestic market](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) less viable.<br>
+<br>[Indonesia's palm](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) oil output is [approximated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to reach 54.4 million lots in 2024, a 2.26% boost from in 2015, while exports are expected to decline by 2.47% to 29.5 million tons as domestic intake rose, driven by [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) mandate.<br>
+<br>The [ministry](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) had checked the [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html), [blended](https://forest500.org/rankings/companies/mission-newenergy-limited) with 40% of palm oil, on a train for the very first time earlier this week, while [planning](https://www.businessnews.com.au/Company/Mission-NewEnergy) to check the B40 mix on farming machinery, power plants and in the [shipping](https://www.businessnews.com.au/Company/Mission-NewEnergy) market, it stated. (Reporting by Bernadette Christina and Dewi Kurniawati