1
Indonesia B40 Biodiesel Plan would be 'Devastating' For World
natishabayer3 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 extensive use of the palm-oil based B40 biodiesel from next year would be "disastrous" for the global market, as it would include the additional usage of 1.5 to 1.7 million metric lots of the product.
Oil World senior expert David Mielke likewise stated international palm oil production is expected to by 2.3 million metric lots in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang