Indonesia B40 Biodiesel Plan would be 'Disastrous' For World (#1) · Issues · Cody Pilkington / mission-newenergy-ltd

Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market analyst on Tuesday stated Indonesia's strategy for the extensive use of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the global market, as it would include the additional use of 1.5 to 1.7 million metric loads of the product.

Oil World senior expert David Mielke likewise said international palm oil production is 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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [oil market](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [analyst](https://stocktwits.com/symbol/MNEL) on Tuesday [stated Indonesia's](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) [strategy](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) for the [extensive](https://stocktwits.com/symbol/MNEL) use of the [palm-oil based](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "catastrophic" for the global market, as it would include the [additional](https://pitchbook.com/profiles/company/51278-86) use of 1.5 to 1.7 million [metric loads](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of the [product](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608). 
 Oil World [senior expert](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) [David Mielke](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) likewise said [international palm](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil [production](https://stocktwits.com/symbol/MNEL) is to [increase](https://www.zoominfo.com/c/mission-newenergy/346542889) by 2.3 million [metric loads](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) in 2024/25 [compared](https://www.crunchbase.com/organization/mission-newenergy) to the previous season. 
 ([Reporting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by [Danial Azhar](https://www.bloomberg.com/profile/company/MNELF:US) and Ashley Tang; [Editing](https://www.pinterest.com.au/missionnewenergy/) by Martin Petty)