Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#5) · Issues · Chloe Gatenby / mission-agroenergy-ltd

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A top industry expert on Tuesday stated Indonesia's prepare for the widespread use of the palm-oil based B40 biodiesel from next year would be "disastrous" for the global market, as it would include the extra usage of 1.5 to 1.7 million metric lots of the commodity.

Oil World senior analyst David Mielke likewise stated international palm oil production is expected to increase by 2.3 million metric heaps 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 [industry expert](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) on Tuesday [stated Indonesia's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [prepare](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) for the [widespread](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) use of the [palm-oil based](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) B40 [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) from next year would be "disastrous" for the global market, as it would include the [extra usage](https://www.crunchbase.com/organization/mission-newenergy) of 1.5 to 1.7 million metric lots of the [commodity](https://forest500.org/rankings/companies/mission-newenergy-limited). 
 Oil World [senior analyst](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [David Mielke](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) likewise [stated international](https://www.zoominfo.com/c/mission-newenergy/346542889) [palm oil](https://www.bloomberg.com/profile/company/MNELF:US) [production](https://www.bloomberg.com/profile/company/MNELF:US) is [expected](https://www.zoominfo.com/c/mission-newenergy/346542889) to [increase](https://www.zoominfo.com/c/mission-newenergy/346542889) by 2.3 million [metric heaps](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2024/25 [compared](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to the previous season. 
 ([Reporting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [Danial Azhar](https://www.google.com/search?kgmid=/m/0cqd_rb) and Ashley Tang; [Editing](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by Martin Petty)