Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#2) · Issues · Leonor Bohr / m2-capital-sdn.-bhd

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market analyst on Tuesday stated Indonesia's prepare for the prevalent usage 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 tons of the commodity.

Oil World senior analyst David Mielke likewise stated international palm oil production is anticipated to increase by 2.3 million metric lots in 2024/25 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.energy-xprt.com/companies/mission-newenergy-limited-36048) [oil market](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [analyst](https://www.pinterest.com.au/missionnewenergy/) on Tuesday [stated Indonesia's](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [prepare](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) for the [prevalent usage](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 [palm-oil](https://www.bloomberg.com/profile/company/MNELF:US) based B40 [biodiesel](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) from next year would be "disastrous" for the global market, as it would include the [extra usage](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of 1.5 to 1.7 million metric tons of the [commodity](https://www.crunchbase.com/organization/mission-newenergy). 
 Oil World [senior analyst](https://www.zoominfo.com/c/mission-newenergy/346542889) [David Mielke](https://www.zoominfo.com/c/mission-newenergy/346542889) likewise [stated international](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [palm oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [production](https://www.pinterest.com.au/missionnewenergy/) is [anticipated](https://forest500.org/rankings/companies/mission-newenergy-limited) to [increase](https://www.pinterest.com.au/missionnewenergy/) by 2.3 million metric lots in 2024/25 to the previous season. 
 ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by [Danial Azhar](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and Ashley Tang; [Editing](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by Martin Petty)