|
@ -0,0 +1,10 @@ |
|
|
|
|
|
<br>JAKARTA, July 24 (Reuters) - Indonesia, the world's greatest palm oil manufacturer, is checking fuel with a view to [increasing](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to 40% from 35% the share of palm-oil mixed into [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) next year, the energy ministry said.<br> |
|
|
|
|
|
<br>If implemented, the B40 [required](https://pitchbook.com/profiles/company/51278-86) could increase biodiesel intake to up to 16 million kilolitres (KL) next year, the ministry said, from 13 million KL approximated to be consumed in 2024.<br> |
|
|
|
|
|
<br>"We hope the trials could be finished in December, so that full application of B40 might be brought out in 2025," energy ministry senior [main Eniya](https://www.pinterest.com.au/missionnewenergy/) Listiani Dewi stated in a statement on Tuesday.<br> |
|
|
|
|
|
<br>The Indonesian [Biofuel](https://stocktwits.com/symbol/MNEL) Producers Association (APROBI) said the market had the capability to satisfy B40 need, with set up [capacity expected](https://forest500.org/rankings/companies/mission-newenergy-limited) to rise to 20 million KL yearly next year from 18 million KL now.<br> |
|
|
|
|
|
<br>"However we will require more raw materials to meet B40 demand," Ernest Gunawan, the secretary general of APROBI told Reuters on Wednesday.<br> |
|
|
|
|
|
<br>The [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) market would need 13.9 million metric lots of crude palm oil to produce 16 million KL biodiesel next year, from the approximated 11 million heaps needed this year, he added.<br> |
|
|
|
|
|
<br>[Indonesia's](https://pitchbook.com/profiles/company/51278-86) greatest [palm oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [association GAPKI](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) stated a [decline](https://www.bloomberg.com/profile/company/MNELF:US) in [exports](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) indicated there would be sufficient basic materials to provide the B40 mandate in the meantime.<br> |
|
|
|
|
|
<br>But the industry would need to examine "which one would be better", GAPKI chairman Eddy Martono said, [referring](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to the possibility an [increase](https://forest500.org/rankings/companies/mission-newenergy-limited) in exports would make supplying the [domestic market](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) less practical.<br> |
|
|
|
|
|
<br>[Indonesia's palm](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) oil output is to reach 54.4 million heaps in 2024, a 2.26% increase from in 2015, while exports are expected to [decrease](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by 2.47% to 29.5 million heaps as domestic consumption rose, driven by [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) mandate.<br> |
|
|
|
|
|
<br>The ministry had actually evaluated the [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889), combined with 40% of palm oil, on a train for the very first time previously today, while preparing to evaluate the B40 mix on [farming](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) machinery, power plants and in the shipping industry, it said. (Reporting by Bernadette Christina and Dewi Kurniawati |