Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World (#1) · Issues · Ernie Smoot / pt-sinergi-oleo-nusantara

Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday prepare for the extensive use of the palm-oil based B40 biodiesel from next year would be "disastrous" for the international market, as it would include the extra usage of 1.5 to 1.7 million metric heaps of the product.

Oil World senior analyst David Mielke also stated worldwide palm oil production is anticipated to increase by 2.3 million metric lots 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://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) oil [industry analyst](https://forest500.org/rankings/companies/mission-newenergy-limited) on Tuesday [prepare](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) for the [extensive](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) use of the [palm-oil based](https://www.pinterest.com.au/missionnewenergy/) B40 [biodiesel](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) from next year would be "disastrous" for the [international](https://www.zoominfo.com/c/mission-newenergy/346542889) market, as it would include the [extra usage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of 1.5 to 1.7 million [metric heaps](https://www.google.com/search?kgmid=/m/0cqd_rb) of the [product](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/). 
 Oil World [senior analyst](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) [David Mielke](https://stocktwits.com/symbol/MNEL) also [stated worldwide](https://pitchbook.com/profiles/company/51278-86) [palm oil](https://www.crunchbase.com/organization/mission-newenergy) [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is [anticipated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [increase](https://www.google.com/search?kgmid=/m/0cqd_rb) by 2.3 million metric lots in 2024/25 [compared](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to the previous season. 
 ([Reporting](https://www.pinterest.com.au/missionnewenergy/) by [Danial Azhar](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and Ashley Tang; [Editing](https://www.bloomberg.com/profile/company/MNELF:US) by Martin Petty)

Discussion
Designs