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<br>[Biodiesel allowance](https://stocktwits.com/symbol/MNEL) decree was awaited by market<br> |
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<br>Indonesia had prepared to release higher [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) mix on Jan. 1<br> |
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<br>Palm oil criteria contract increased 1% after previous fall<br> |
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<br>Government goes 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 Energy and [Mineral Resources](https://www.google.com/search?kgmid=/m/0cqd_rb) Minister signed a decree on Friday [allocating](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 15.6 million kilolitres (KL) of biodiesel for 2025 distribution, while the market until completion 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 planned to introduce the mandatory requirement of 40% palm oil fuel in [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) on Jan. 1, up from 35% now.<br> |
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<br>"The ministerial regulation has been signed," the minister Bahlil Lahadalia told press reporters, [including](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [federal government](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) was working to increase the compulsory [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) mix to 50% next year.<br> |
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<br>Eniya Listiani Dewi, a ministry senior official, stated [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) producers and fuel retailers will be [offered](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) till Feb. 28 to adapt to the B40 mix. She stated the delay was since of technical difficulties [connected](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to aids for the fuel.<br> |
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<br>The non-implementation on Jan. 1. had actually resulted in a 2.6% drop in the [Malaysian palm](https://www.google.com/search?kgmid=/m/0cqd_rb) [oil benchmark](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) contract on Thursday. On Friday, it recuperated by around 1%.<br> |
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<br>Fuel merchants and [biodiesel producers](https://www.pinterest.com.au/missionnewenergy/) had stated they were not able to prepare agreements for biodiesel distribution without the decree.<br> |
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<br>The biodiesel allocation for 2025 showed a boost from 2024's approximated [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) intake of 12.98 KL, ministry data revealed on Friday.<br> |
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<br>Of the total allocation for this year, 7.55 million KL is for the public service obligation (PSO), which [covers sectors](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) such as public transport, whose sales will be subsidised by the nation's palm oil fund.<br> |
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<br>"The remaining allowances will be cost market value. The non-PSO allocation is set at 8.07 million KL," Bahlil said, including the fund could not subsidise the [cost space](https://www.crunchbase.com/organization/mission-newenergy) in between the palm oil and fossil fuels for the total allowance.<br> |
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<br>BPDPKS, the company in charge of gathering and managing the [palm oil](https://stocktwits.com/symbol/MNEL) funds, estimated in November B40 would require a 68% [aid boost](https://forest500.org/rankings/companies/mission-newenergy-limited).<br> |
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<br>To help fund that, Indonesia plans to increase its export levy for crude palm oil (CPO) to 10% from the [current](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 7.5%, however for that to take place, another main guideline is needed. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy, Dewi Kurniawati |
