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Mission NewEnergy Ltd

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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 prepare for the prevalent usage of the palm-oil based B40 biodiesel from next year would be « disastrous » for the international market, as it would involve the extra usage of 1.5 to 1.7 million metric loads of the .

Oil World senior expert David Mielke likewise stated worldwide palm oil production is expected 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)

 
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