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

Indonesia-B40-Biodiesel-Plan-would-be-%27Disastrous%27-For-World.md

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+<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.bloomberg.com/profile/company/MNELF:US) [oil industry](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) expert on Tuesday said [Indonesia's strategy](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) for the [widespread](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) use of the [palm-oil based](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) B40  from next year would be "devastating" for the global market, as it would [involve](https://www.pinterest.com.au/missionnewenergy/) the [additional usage](https://www.crunchbase.com/organization/mission-newenergy) of 1.5 to 1.7 million [metric loads](https://www.pinterest.com.au/missionnewenergy/) of the [commodity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Oil World [senior analyst](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [David Mielke](https://www.zoominfo.com/c/mission-newenergy/346542889) likewise [stated international](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [palm oil](https://www.crunchbase.com/organization/mission-newenergy) [production](https://www.zoominfo.com/c/mission-newenergy/346542889) is [expected](https://www.google.com/search?kgmid=/m/0cqd_rb) to [increase](https://www.bloomberg.com/profile/company/MNELF:US) by 2.3 million [metric heaps](https://pitchbook.com/profiles/company/51278-86) 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.<br>
+<br>([Reporting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by [Danial Azhar](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and Ashley Tang