Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World (#1) · Issues · Margie Beasley / mission-agroenergy-ltd

Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market expert on Tuesday said Indonesia's prepare for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the worldwide market, as it would include the additional usage of 1.5 to 1.7 million metric loads of the product.

Oil World senior analyst David Mielke also said worldwide palm oil production is expected to increase by 2.3 million metric loads in 2024/25 compared to the previous season.

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

KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [market expert](https://www.crunchbase.com/organization/mission-newenergy) on Tuesday said [Indonesia's prepare](https://www.crunchbase.com/organization/mission-newenergy) for the [prevalent usage](https://www.zoominfo.com/c/mission-newenergy/346542889) of the [palm-oil based](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) B40 [biodiesel](https://www.pinterest.com.au/missionnewenergy/) from next year would be "devastating" for the [worldwide](https://www.businessnews.com.au/Company/Mission-NewEnergy) market, as it would include the [additional usage](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of 1.5 to 1.7 million [metric loads](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) of the [product](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price). 
 Oil World [senior analyst](https://stocktwits.com/symbol/MNEL) [David Mielke](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) also said [worldwide palm](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [oil production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is [expected](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to [increase](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by 2.3 million [metric loads](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in 2024/25 [compared](https://www.google.com/search?kgmid=/m/0cqd_rb) to the previous season. 
 ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by and Ashley Tang; [Editing](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by Martin Petty)