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<br>Biodiesel allotment decree was waited for by market<br> |
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<br>Indonesia had actually prepared to launch greater biodiesel mix on Jan. 1<br> |
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<br>Palm oil criteria agreement increased 1% after previous fall<br> |
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<br>Government aims for 50% biodiesel mix in 2026<br> |
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<br>(Recasts with energy minister's comment)<br> |
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<br>By Bernadette Christina and Fransiska Nangoy<br> |
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<br>JAKARTA, Jan 3 (Reuters) [- Indonesia](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) Energy and Mineral Resources Minister signed a decree on Friday allocating 15.6 million [kilolitres](https://stocktwits.com/symbol/MNEL) (KL) of [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) for 2025 circulation, while providing the market till [completion](https://www.zoominfo.com/c/mission-newenergy/346542889) of next month to adapt to the higher level of the fuel in the mix.<br> |
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<br>Indonesia, the world's largest exporter of palm oil, had actually prepared to [release](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) the obligatory requirement of 40% [palm oil](https://forest500.org/rankings/companies/mission-newenergy-limited) fuel in biodiesel on Jan. 1, up from 35% now.<br> |
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<br>"The ministerial policy has actually been signed," the minister Bahlil [Lahadalia](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) informed reporters, including the federal government was working to increase the obligatory [biodiesel](https://www.pinterest.com.au/missionnewenergy/) mix to 50% next year.<br> |
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<br>Eniya Listiani Dewi, a ministry senior official, stated biodiesel producers and fuel [retailers](https://pitchbook.com/profiles/company/51278-86) will be given until Feb. 28 to adjust to the B40 mix. She stated the delay was because of technical challenges connected to subsidies for the fuel.<br> |
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<br>The non-implementation on Jan. 1. had actually caused a 2.6% drop in the Malaysian palm oil benchmark contract on Thursday. On Friday, it recuperated by around 1%.<br> |
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<br>Fuel merchants and [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) manufacturers had stated they were not able to draw up [agreements](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) for biodiesel distribution without the decree.<br> |
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<br>The [biodiesel allocation](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for 2025 showed an [increase](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) from 2024's estimated [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) consumption of 12.98 KL, ministry information revealed on Friday.<br> |
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<br>Of the overall allocation for this year, 7.55 million KL is for the general [public service](https://pitchbook.com/profiles/company/51278-86) obligation (PSO), which covers sectors such as public transportation, whose sales will be subsidised by the nation's palm oil fund.<br> |
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<br>"The staying allocations will be offered at market price. The non-PSO allotment is set at 8.07 million KL," Bahlil said, including the fund could not subsidise the [cost gap](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) between the palm oil and fossil fuels for the overall allotment.<br> |
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<br>BPDPKS, the agency in charge of gathering and handling the [palm oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) funds, estimated in November B40 would require a 68% aid increase.<br> |
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<br>To assist [finance](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) that, Indonesia prepares to increase its export levy for crude [palm oil](https://www.pinterest.com.au/missionnewenergy/) (CPO) to 10% from the [current](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 7.5%, however for that to occur, another main regulation is required. (Reporting by Bernadette Christina Munthe, [Fransiska](https://forest500.org/rankings/companies/mission-newenergy-limited) Nangoy, Dewi Kurniawati |
