
Mission Biofuels Sdn. Bhd
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Дата на основаване юли 22, 1961
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Indonesia Signs 15.6 Mln Kilolitres Biodiesel Allocation For 2025
Biodiesel allotment decree was awaited by market
Indonesia had planned to introduce greater biodiesel mix on Jan. 1
Palm oil criteria agreement rose 1% after previous fall
Government goes for 50% biodiesel mix in 2026
(Recasts with energy minister’s comment)
By Bernadette Christina and Fransiska Nangoy
JAKARTA, Jan 3 (Reuters) – Indonesia Energy and Mineral Resources Minister signed a decree on Friday assigning 15.6 million kilolitres (KL) of biodiesel for 2025 circulation, while the industry till completion of next month to adapt to the greater level of the fuel in the mix.
Indonesia, the world’s largest exporter of palm oil, had planned to introduce the mandatory requirement of 40% palm oil fuel in biodiesel on Jan. 1, up from 35% now.
„The ministerial guideline has been signed,“ the minister Bahlil Lahadalia informed reporters, adding the government was working to increase the mandatory biodiesel mix to 50% next year.
Eniya Listiani Dewi, a ministry senior authorities, stated biodiesel manufacturers and fuel sellers will be provided till Feb. 28 to adjust to the B40 mix. She stated the hold-up was because of technical challenges connected to aids for the fuel.
The non-implementation on Jan. 1. had caused a 2.6% drop in the Malaysian palm oil benchmark agreement on Thursday. On Friday, it recovered by around 1%.
Fuel retailers and biodiesel producers had said they were not able to prepare agreements for biodiesel circulation without the decree.
The biodiesel allocation for 2025 suggested an increase from 2024’s approximated biodiesel intake of 12.98 KL, ministry data showed on Friday.
Of the total allotment for this year, 7.55 million KL is for the general public service commitment (PSO), which covers sectors such as public transport, whose sales will be subsidised by the country’s palm oil fund.
„The remaining allowances will be cost market price. The non-PSO allocation is set at 8.07 million KL,“ Bahlil stated, adding the fund could not subsidise the rate gap between the palm oil and nonrenewable fuel sources for the general allowance.
BPDPKS, the firm in charge of collecting and managing the palm oil funds, estimated in November B40 would require a 68% subsidy boost.
To assist finance that, Indonesia plans to increase its export levy for unrefined palm oil (CPO) to 10% from the current 7.5%, but for that to occur, another main regulation is required. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati; editing by John Mair, Savio D’Souza, Shri Navaratnam and Barbara Lewis)