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

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

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+<br>KUALA LUMPUR, Oct 8 (Reuters) - A top  [market expert](https://www.google.com/search?kgmid=/m/0cqd_rb) on Tuesday said [Indonesia's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [prepare](https://www.pinterest.com.au/missionnewenergy/) for the [widespread usage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of the [palm-oil](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) based B40 [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from next year would be "disastrous" for the [worldwide](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) market, as it would include the extra use of 1.5 to 1.7 million metric lots of the [commodity](https://www.google.com/search?kgmid=/m/0cqd_rb).<br>
+<br>Oil World [senior analyst](https://pitchbook.com/profiles/company/51278-86) [David Mielke](https://stocktwits.com/symbol/MNEL) also [stated worldwide](https://www.crunchbase.com/organization/mission-newenergy) palm [oil production](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) is [anticipated](https://www.businessnews.com.au/Company/Mission-NewEnergy) to [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by 2.3 million metric tons in 2024/25 [compared](https://www.bloomberg.com/profile/company/MNELF:US) to the previous season.<br>
+<br>([Reporting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [Danial Azhar](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) and Ashley Tang