|
|
@ -0,0 +1,10 @@ |
|
|
|
|
|
<br>JAKARTA, July 24 (Reuters) - Indonesia, the world's biggest palm oil manufacturer, is testing fuel with a view to [increasing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to 40% from 35% the share of palm-oil mixed into [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) next year, the energy ministry stated.<br> |
|
|
|
|
|
<br>If executed, the B40 mandate could increase [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) intake to up to 16 million kilolitres (KL) next year, the ministry stated, from 13 million KL estimated to be consumed in 2024.<br> |
|
|
|
|
|
<br>"We hope the trials could be ended up in December, so that complete execution of B40 could be brought out in 2025," energy ministry senior official Eniya Listiani Dewi said in a declaration on Tuesday.<br> |
|
|
|
|
|
<br>The Indonesian [Biofuel](https://stocktwits.com/symbol/MNEL) Producers Association (APROBI) said the market had the [capability](https://stocktwits.com/symbol/MNEL) to meet B40 demand, with installed capacity anticipated to [increase](https://stocktwits.com/symbol/MNEL) to 20 million KL every year next year from 18 million KL now.<br> |
|
|
|
|
|
<br>"However we will require more raw materials to fulfill B40 need," Ernest Gunawan, the secretary general of APROBI told Reuters on Wednesday.<br> |
|
|
|
|
|
<br>The [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) market would require 13.9 million metric lots of crude palm oil to produce 16 million KL [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) next year, from the approximated 11 million heaps required this year, he added.<br> |
|
|
|
|
|
<br>Indonesia's most significant palm oil association GAPKI stated a decline in exports indicated there would [suffice basic](https://www.crunchbase.com/organization/mission-newenergy) materials to provide the B40 required in the meantime.<br> |
|
|
|
|
|
<br>But the market would need to evaluate "which one would be more important", [GAPKI chairman](https://forest500.org/rankings/companies/mission-newenergy-limited) Eddy said, describing the possibility a boost in exports would make providing the domestic market less practical.<br> |
|
|
|
|
|
<br>[Indonesia's palm](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [oil output](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is [estimated](https://www.pinterest.com.au/missionnewenergy/) to reach 54.4 million loads in 2024, a 2.26% increase from in 2015, while exports are [anticipated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to decline by 2.47% to 29.5 million loads as [domestic consumption](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) rose, driven by [biodiesel mandate](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm).<br> |
|
|
|
|
|
<br>The [ministry](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) had actually tested the [biodiesel](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd), [blended](https://stocktwits.com/symbol/MNEL) with 40% of palm oil, on a train for the very first time previously this week, while preparing to evaluate the B40 mix on agriculture equipment, power plants and in the shipping industry, it stated. (Reporting by [Bernadette Christina](https://www.zoominfo.com/c/mission-newenergy/346542889) and Dewi Kurniawati |
