Mission NewEnergy Ltd

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Indonesia B40 Biodiesel Plan would be ‘Devastating’ For World

KUALA LUMPUR, Oct 8 (Reuters) – A leading palm oil industry on Tuesday stated Indonesia’s plan for the extensive usage of the palm-oil based B40 biodiesel from next year would be “catastrophic” for the international market, as it would include the additional usage of 1.5 to 1.7 million metric lots of the commodity.

Oil World senior analyst David Mielke likewise said 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; Editing by Martin Petty)

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