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

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

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

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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [oil industry](https://www.pinterest.com.au/missionnewenergy/) [analyst](https://www.bloomberg.com/profile/company/MNELF:US) on Tuesday said [Indonesia's prepare](https://www.crunchbase.com/organization/mission-newenergy) for the [extensive](https://pitchbook.com/profiles/company/51278-86) use of the [palm-oil based](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) B40 [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from next year would be "disastrous" for the global market, as it would include the [additional usage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of 1.5 to 1.7 million metric lots of the [product](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
<br>Oil World [senior expert](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [David Mielke](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) likewise [stated international](https://stocktwits.com/symbol/MNEL) [palm oil](https://pitchbook.com/profiles/company/51278-86) [production](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) is [expected](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to by 2.3 million metric lots in 2024/25 [compared](https://www.businessnews.com.au/Company/Mission-NewEnergy) to the previous season.<br>
<br>([Reporting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by [Danial Azhar](https://www.pinterest.com.au/missionnewenergy/) and Ashley Tang
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