Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#6) · Issues · Ben Whiteman / mission-newenergy-limited

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

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

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

(Reporting by Danial Azhar and Ashley Tang; by Martin Petty)

KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://forest500.org/rankings/companies/mission-newenergy-limited) [market analyst](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) on Tuesday stated [Indonesia's strategy](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) for the [widespread](https://www.google.com/search?kgmid=/m/0cqd_rb) use 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 "devastating" for the [international](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) market, as it would include the [extra usage](https://www.bloomberg.com/profile/company/MNELF:US) of 1.5 to 1.7 million metric lots of the [commodity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). 
 Oil World [senior expert](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [David Mielke](https://www.google.com/search?kgmid=/m/0cqd_rb) also said global [palm oil](https://www.pinterest.com.au/missionnewenergy/) [production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is [expected](https://www.businessnews.com.au/Company/Mission-NewEnergy) to [increase](https://pitchbook.com/profiles/company/51278-86) by 2.3 million metric lots in 2024/25 [compared](https://pitchbook.com/profiles/company/51278-86) to the previous season. 
 ([Reporting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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; by Martin Petty)