Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World (#5) · Issues · Elliott Coyne / mission-biofuels-india-private-ltd

Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market analyst on Tuesday said Indonesia's prepare for the extensive usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the global market, as it would include the extra use of 1.5 to 1.7 million metric lots of the product.

Oil World senior expert David Mielke likewise said global palm is expected to increase by 2.3 million metric lots in 2024/25 compared to the previous season.

(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)

KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.bloomberg.com/profile/company/MNELF:US) [oil market](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [analyst](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) on Tuesday said [Indonesia's prepare](https://pitchbook.com/profiles/company/51278-86) for the [extensive usage](https://www.crunchbase.com/organization/mission-newenergy) of the [palm-oil](https://forest500.org/rankings/companies/mission-newenergy-limited) based B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "devastating" for the global market, as it would include the extra use of 1.5 to 1.7 million metric lots of the [product](https://www.google.com/search?kgmid=/m/0cqd_rb). 
 Oil World [senior expert](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [David Mielke](https://www.bloomberg.com/profile/company/MNELF:US) likewise said [global palm](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is [expected](https://forest500.org/rankings/companies/mission-newenergy-limited) to [increase](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by 2.3 million metric lots in 2024/25 [compared](https://www.pinterest.com.au/missionnewenergy/) to the previous season. 
 ([Reporting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by [Danial Azhar](https://www.google.com/search?kgmid=/m/0cqd_rb) and Ashley Tang; [Editing](https://pitchbook.com/profiles/company/51278-86) by Martin Petty)