Indonesia B40 Biodiesel Plan would be 'Disastrous' For World (#2) · Issues · Indiana Dickerman / mission-agroenergy-ltd

Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry analyst on Tuesday stated Indonesia's prepare for the prevalent use of the B40 biodiesel from next year would be "catastrophic" for the worldwide market, as it would include the extra usage of 1.5 to 1.7 million metric tons of the product.

Oil World senior expert David Mielke likewise said international palm oil production is expected to increase by 2.3 million metric loads 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 top [palm oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [industry](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [analyst](https://www.bloomberg.com/profile/company/MNELF:US) on Tuesday [stated Indonesia's](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [prepare](https://www.businessnews.com.au/Company/Mission-NewEnergy) for the [prevalent](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) use of the B40 [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) from next year would be "catastrophic" for the [worldwide](https://www.google.com/search?kgmid=/m/0cqd_rb) market, as it would include the [extra usage](https://www.google.com/search?kgmid=/m/0cqd_rb) of 1.5 to 1.7 million metric tons of the [product](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048). 
 Oil World [senior expert](https://www.crunchbase.com/organization/mission-newenergy) [David Mielke](https://www.google.com/search?kgmid=/m/0cqd_rb) likewise said [international](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) palm [oil production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is [expected](https://www.google.com/search?kgmid=/m/0cqd_rb) to [increase](https://www.google.com/search?kgmid=/m/0cqd_rb) by 2.3 million [metric loads](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2024/25 [compared](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to the previous season. 
 ([Reporting](https://www.zoominfo.com/c/mission-newenergy/346542889) by [Danial Azhar](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) and Ashley Tang; [Editing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by Martin Petty)