Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#3) · Issues · Anglea Frankland / oleovest-pl

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry analyst on Tuesday said Indonesia's strategy for the prevalent use of the palm-oil based B40 biodiesel from next year would be "devastating" for the international market, as it would involve the additional usage of 1.5 to 1.7 million metric lots of the product.

Oil World senior expert David Mielke also stated worldwide palm oil production is anticipated to increase by 2.3 million metric lots in 2024/25 compared to the previous season.

(Reporting by and Ashley Tang; Editing by Martin Petty)

KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [industry analyst](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) on Tuesday said [Indonesia's strategy](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for the [prevalent](https://pitchbook.com/profiles/company/51278-86) use of the [palm-oil based](https://www.crunchbase.com/organization/mission-newenergy) B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "devastating" for the [international](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) market, as it would [involve](https://www.bloomberg.com/profile/company/MNELF:US) the [additional usage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of 1.5 to 1.7 million metric lots of the [product](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd). 
 Oil World [senior expert](https://www.pinterest.com.au/missionnewenergy/) [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) also [stated worldwide](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) [palm oil](https://stocktwits.com/symbol/MNEL) [production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is [anticipated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to [increase](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) by 2.3 million metric lots in 2024/25 [compared](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to the previous season. 
 ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by and Ashley Tang; [Editing](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by Martin Petty)