Page: Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

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1 Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

Delores Evatt edited this page 6 months ago

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday said Indonesia's prepare for the prevalent use of the palm-oil based B40 biodiesel from next year would be "devastating" for the worldwide market, as it would involve the of 1.5 to 1.7 million metric lots of the product.

Oil World senior analyst David Mielke also stated 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