Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World (#2) · Issues · Gerard Junker / mission-biofuels-india-private-ltd

Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World

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

Oil World senior expert David Mielke also said international 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [oil market](https://www.crunchbase.com/organization/mission-newenergy) [analyst](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) 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) plan for the [extensive usage](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) of the [palm-oil](https://www.pinterest.com.au/missionnewenergy/) based B40 from next year would be "disastrous" for the global market, as it would include the [additional usage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of 1.5 to 1.7 million metric lots of the [product](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). 
 Oil World [senior expert](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [David Mielke](https://www.pinterest.com.au/missionnewenergy/) also said [international palm](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [oil production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is [expected](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.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by 2.3 million [metric heaps](https://www.pinterest.com.au/missionnewenergy/) in 2024/25 [compared](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to the previous season. 
 ([Reporting](https://pitchbook.com/profiles/company/51278-86) by [Danial Azhar](https://stocktwits.com/symbol/MNEL) and Ashley Tang; [Editing](https://www.businessnews.com.au/Company/Mission-NewEnergy) by Martin Petty)