Indonesia B40 Biodiesel Plan would be 'Disastrous' For World (#3) · Issues · Christiane Lathrop / mission-biofuels-sdn.-bhd

Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

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

Oil World senior expert David Mielke likewise stated global 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 [leading palm](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [oil industry](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) expert on Tuesday [stated Indonesia's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [prepare](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) for the [prevalent usage](https://www.pinterest.com.au/missionnewenergy/) of the [palm-oil based](https://www.google.com/search?kgmid=/m/0cqd_rb) B40 [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) from next year would be "catastrophic" for the global market, as it would [involve](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) the extra use of 1.5 to 1.7 million metric lots of the [product](https://forest500.org/rankings/companies/mission-newenergy-limited). 
 Oil World [senior expert](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [David Mielke](https://pitchbook.com/profiles/company/51278-86) likewise [stated global](https://pitchbook.com/profiles/company/51278-86) [palm oil](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [production](https://www.crunchbase.com/organization/mission-newenergy) is [expected](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [increase](https://www.pinterest.com.au/missionnewenergy/) by 2.3 million [metric loads](https://www.zoominfo.com/c/mission-newenergy/346542889) in 2024/25 [compared](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to the previous season. 
 ([Reporting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by and Ashley Tang; [Editing](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by Martin Petty)