Indonesia B40 Biodiesel Plan would be 'Disastrous' For World (#1) · Issues · Numbers Goodrich / mission-biotechnologies-sdn.-bhd

Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry expert on Tuesday said Indonesia's plan for the of the palm-oil based B40 biodiesel from next year would be "disastrous" for the global market, as it would involve the additional use of 1.5 to 1.7 million metric heaps of the commodity.

Oil World senior expert David Mielke likewise stated worldwide palm oil production is expected 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 top [palm oil](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [industry expert](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) on Tuesday said [Indonesia's](https://www.google.com/search?kgmid=/m/0cqd_rb) plan for the of the [palm-oil based](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) B40 [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from next year would be "disastrous" for the global market, as it would [involve](https://pitchbook.com/profiles/company/51278-86) the [additional](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) use of 1.5 to 1.7 million [metric heaps](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 [commodity](https://www.bloomberg.com/profile/company/MNELF:US). 
 Oil World [senior expert](https://pitchbook.com/profiles/company/51278-86) [David Mielke](https://www.businessnews.com.au/Company/Mission-NewEnergy) likewise [stated worldwide](https://www.zoominfo.com/c/mission-newenergy/346542889) [palm oil](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [production](https://www.zoominfo.com/c/mission-newenergy/346542889) is [expected](https://stocktwits.com/symbol/MNEL) to [increase](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by 2.3 million [metric loads](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in 2024/25 [compared](https://www.google.com/search?kgmid=/m/0cqd_rb) to the previous season. 
 ([Reporting](https://www.pinterest.com.au/missionnewenergy/) 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.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by Martin Petty)