Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World (#2) · Issues · Cristine Garlock / oleovest-pl

Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World

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

Oil World 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 [palm oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [industry analyst](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) on Tuesday [stated Indonesia's](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [prepare](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) for the [widespread usage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from next year would be "devastating" for the [worldwide](https://www.crunchbase.com/organization/mission-newenergy) market, as it would include the extra use of 1.5 to 1.7 million [metric heaps](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of the [product](https://forest500.org/rankings/companies/mission-newenergy-limited). 
 Oil World [David Mielke](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) likewise stated [international palm](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [oil production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is [expected](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [increase](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by 2.3 million [metric heaps](https://www.businessnews.com.au/Company/Mission-NewEnergy) in 2024/25 [compared](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to the previous season. 
 ([Reporting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by [Danial Azhar](https://www.google.com/search?kgmid=/m/0cqd_rb) and Ashley Tang; [Editing](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by Martin Petty)