Indonesia B40 Biodiesel Plan would be 'Disastrous' For World (#3) · Issues · Colin Headrick / oleovest-pl

Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market expert on Tuesday said Indonesia's plan for the widespread usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the international market, as it would involve the additional usage of 1.5 to 1.7 million metric lots of the commodity.

Oil World senior analyst David Mielke likewise stated worldwide palm oil production is anticipated to increase by 2.3 million metric loads in 2024/25 compared to the previous season.

(Reporting by Danial Azhar and Ashley Tang; by Martin Petty)

KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [oil market](https://www.google.com/search?kgmid=/m/0cqd_rb) expert on Tuesday said [Indonesia's plan](https://pitchbook.com/profiles/company/51278-86) for the [widespread](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) usage of the [palm-oil based](https://stocktwits.com/symbol/MNEL) B40 [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from next year would be "catastrophic" for the [international](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) market, as it would [involve](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [additional usage](https://www.businessnews.com.au/Company/Mission-NewEnergy) of 1.5 to 1.7 million metric lots of the [commodity](https://www.bloomberg.com/profile/company/MNELF:US). 
 Oil World [senior analyst](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [David Mielke](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) likewise [stated worldwide](https://pitchbook.com/profiles/company/51278-86) [palm oil](https://www.bloomberg.com/profile/company/MNELF:US) [production](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) is [anticipated](https://pitchbook.com/profiles/company/51278-86) to [increase](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) by 2.3 million [metric loads](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) in 2024/25 [compared](https://www.google.com/search?kgmid=/m/0cqd_rb) to the previous season. 
 ([Reporting](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by [Danial Azhar](https://www.crunchbase.com/organization/mission-newenergy) and Ashley Tang; by Martin Petty)