Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#9) · Issues · Alvaro Servin / mission-agroenergy-ltd

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A oil market expert on Tuesday stated Indonesia's prepare for the widespread use of the palm-oil based B40 biodiesel from next year would be "devastating" for the international market, as it would involve the extra use of 1.5 to 1.7 million metric tons of the product.

Oil World senior analyst David Mielke likewise 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 [oil market](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) expert on Tuesday [stated Indonesia's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [prepare](https://www.bloomberg.com/profile/company/MNELF:US) for the [widespread](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) use of the [palm-oil based](https://www.zoominfo.com/c/mission-newenergy/346542889) B40 [biodiesel](https://forest500.org/rankings/companies/mission-newenergy-limited) from next year would be "devastating" for the [international](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) market, as it would [involve](https://www.pinterest.com.au/missionnewenergy/) the extra use of 1.5 to 1.7 million metric tons of the [product](https://www.pinterest.com.au/missionnewenergy/). 
 Oil World [senior analyst](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [David Mielke](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) likewise said [international palm](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [oil production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is [anticipated](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) to [increase](https://www.pinterest.com.au/missionnewenergy/) by 2.3 million [metric loads](https://www.bloomberg.com/profile/company/MNELF:US) in 2024/25 [compared](https://www.zoominfo.com/c/mission-newenergy/346542889) to the previous season. 
 ([Reporting](https://www.zoominfo.com/c/mission-newenergy/346542889) 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.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by Martin Petty)