Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#1) · Issues · Brodie Deason / pt-sinergi-oleo-nusantara

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A oil industry 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 additional use of 1.5 to 1.7 million metric heaps of the commodity.

Oil World senior expert David Mielke likewise said worldwide palm oil production is anticipated to increase by 2.3 million metric loads 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 [oil industry](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [analyst](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) on Tuesday [stated Indonesia's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [prepare](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for the [prevalent usage](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) of the [palm-oil based](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) B40 [biodiesel](https://www.businessnews.com.au/Company/Mission-NewEnergy) from next year would be "disastrous" for the global market, as it would include the [additional](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) use of 1.5 to 1.7 million [metric heaps](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of the [commodity](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm). 
 Oil World [senior expert](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [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) likewise said [worldwide palm](https://www.zoominfo.com/c/mission-newenergy/346542889) [oil production](https://pitchbook.com/profiles/company/51278-86) is [anticipated](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to [increase](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by 2.3 million [metric loads](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) in 2024/25 [compared](https://www.businessnews.com.au/Company/Mission-NewEnergy) to the previous season. 
 ([Reporting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by [Danial Azhar](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) and Ashley Tang; [Editing](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by Martin Petty)