Indonesia B40 Biodiesel Plan would be 'Disastrous' For World (#1) · Issues · Mikel Sauer / mission-newenergy-ltd

Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday stated for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the international market, as it would include the additional usage of 1.5 to 1.7 million metric lots of the commodity.

Oil World senior analyst David Mielke also said international palm oil production is expected to increase by 2.3 million metric lots 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [market analyst](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) on Tuesday stated for the [prevalent usage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of the [palm-oil based](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "catastrophic" for the [international](https://www.businessnews.com.au/Company/Mission-NewEnergy) market, as it would include the [additional usage](https://www.zoominfo.com/c/mission-newenergy/346542889) of 1.5 to 1.7 million metric lots of the [commodity](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). 
 Oil World [senior analyst](https://forest500.org/rankings/companies/mission-newenergy-limited) [David Mielke](https://pitchbook.com/profiles/company/51278-86) also said [international](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [palm oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [production](https://www.crunchbase.com/organization/mission-newenergy) is [expected](https://pitchbook.com/profiles/company/51278-86) to [increase](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by 2.3 million metric lots in 2024/25 [compared](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to the previous season. 
 ([Reporting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by [Danial Azhar](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and Ashley Tang; [Editing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by Martin Petty)