Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#3) · Issues · Rosaura Hodgetts / mission-biotechnologies-sdn.-bhd

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

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

Oil World David Mielke also said international 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 [leading palm](https://www.bloomberg.com/profile/company/MNELF:US) [oil market](https://stocktwits.com/symbol/MNEL) expert on Tuesday said [Indonesia's strategy](https://www.crunchbase.com/organization/mission-newenergy) for the [widespread usage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of the [palm-oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) based B40 [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) from next year would be "disastrous" for the [international](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) market, as it would include the [additional usage](https://www.bloomberg.com/profile/company/MNELF:US) of 1.5 to 1.7 million metric lots of the [commodity](https://www.investing.com/equities/mission-newenergy-ltd-company-profile). 
 Oil World [David Mielke](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) also said [international palm](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) oil [production](https://www.pinterest.com.au/missionnewenergy/) is [anticipated](https://forest500.org/rankings/companies/mission-newenergy-limited) to [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by 2.3 million [metric loads](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) in 2024/25 [compared](https://www.pinterest.com.au/missionnewenergy/) to the previous season. 
 ([Reporting](https://forest500.org/rankings/companies/mission-newenergy-limited) by [Danial Azhar](https://stocktwits.com/symbol/MNEL) and Ashley Tang; [Editing](https://www.google.com/search?kgmid=/m/0cqd_rb) by Martin Petty)