Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#10) · Issues · Alton Chesser / pt-sinergi-oleo-nusantara

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry expert on Tuesday said Indonesia's plan for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the international market, as it would include the extra usage of 1.5 to 1.7 million metric lots of the commodity.

Oil World senior expert David Mielke also said global production is anticipated to increase by 2.3 million metric tons 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 top [palm oil](https://www.zoominfo.com/c/mission-newenergy/346542889) [industry](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) expert on Tuesday said [Indonesia's plan](https://www.pinterest.com.au/missionnewenergy/) for the [prevalent](https://www.crunchbase.com/organization/mission-newenergy) usage of the [palm-oil based](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "catastrophic" for the [international](https://www.zoominfo.com/c/mission-newenergy/346542889) market, as it would include the [extra usage](https://www.zoominfo.com/c/mission-newenergy/346542889) of 1.5 to 1.7 million metric lots of the [commodity](https://www.crunchbase.com/organization/mission-newenergy). 
 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://stocktwits.com/symbol/MNEL) also said global [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is [anticipated](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) to [increase](https://forest500.org/rankings/companies/mission-newenergy-limited) by 2.3 million metric tons in 2024/25 [compared](https://www.zoominfo.com/c/mission-newenergy/346542889) to the previous season. 
 ([Reporting](https://stocktwits.com/symbol/MNEL) by [Danial Azhar](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and Ashley Tang; [Editing](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) by Martin Petty)