Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#1) · Issues · Salvador Bunbury / oleovest-pl

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

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

Oil World senior analyst 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 [oil market](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [analyst](https://pitchbook.com/profiles/company/51278-86) on Tuesday said [Indonesia's prepare](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) for the [widespread](https://www.pinterest.com.au/missionnewenergy/) use of the [palm-oil based](https://www.crunchbase.com/organization/mission-newenergy) B40 [biodiesel](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) from next year would be "disastrous" for the global market, as it would [involve](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) the [additional usage](https://www.businessnews.com.au/Company/Mission-NewEnergy) of 1.5 to 1.7 million metric lots of the [commodity](https://www.businessnews.com.au/Company/Mission-NewEnergy). 
 Oil World [senior analyst](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [David Mielke](https://www.pinterest.com.au/missionnewenergy/) likewise [stated worldwide](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [palm oil](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [production](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is [expected](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to [increase](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by 2.3 million [metric loads](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in 2024/25 [compared](https://www.bloomberg.com/profile/company/MNELF:US) to the previous season. 
 ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by [Danial Azhar](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) and Ashley Tang; [Editing](https://stocktwits.com/symbol/MNEL) by Martin Petty)