Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#1) · Issues · Modesto Governor / pt-sinergi-oleo-nusantara

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday stated Indonesia's plan for the extensive usage of the palm-oil based B40 biodiesel from next year would be "disastrous" for the worldwide market, as it would involve the extra usage of 1.5 to 1.7 million metric tons of the commodity.

Oil World senior analyst David Mielke also palm oil production is expected to increase by 2.3 million metric heaps 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.crunchbase.com/organization/mission-newenergy) [oil industry](https://www.businessnews.com.au/Company/Mission-NewEnergy) [analyst](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) on Tuesday [stated Indonesia's](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) plan for the [extensive usage](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of the [palm-oil based](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) B40 [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from next year would be "disastrous" for the [worldwide](https://www.businessnews.com.au/Company/Mission-NewEnergy) market, as it would [involve](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) the [extra usage](https://www.bloomberg.com/profile/company/MNELF:US) of 1.5 to 1.7 million metric tons of the [commodity](https://pitchbook.com/profiles/company/51278-86). 
 Oil World [senior analyst](https://www.bloomberg.com/profile/company/MNELF:US) [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 palm oil [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is [expected](https://www.zoominfo.com/c/mission-newenergy/346542889) to [increase](https://forest500.org/rankings/companies/mission-newenergy-limited) by 2.3 million [metric heaps](https://www.google.com/search?kgmid=/m/0cqd_rb) in 2024/25 [compared](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) 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; [Editing](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by Martin Petty)