Indonesia B40 Biodiesel Plan would be 'Devastating' For World (#2) · Issues · Jamison Brownlow / mission-biofuels-sdn.-bhd

Indonesia B40 Biodiesel Plan would be 'Devastating' For World

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market expert on Tuesday said prepare for the widespread use of the palm-oil based B40 biodiesel from next year would be "devastating" for the worldwide market, as it would involve the extra use of 1.5 to 1.7 million metric loads of the commodity.

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

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

KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://forest500.org/rankings/companies/mission-newenergy-limited) [oil market](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) expert on Tuesday said [prepare](https://www.google.com/search?kgmid=/m/0cqd_rb) for the [widespread](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) use of the [palm-oil based](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) B40 [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from next year would be "devastating" for the [worldwide](https://forest500.org/rankings/companies/mission-newenergy-limited) market, as it would [involve](https://www.businessnews.com.au/Company/Mission-NewEnergy) the extra use of 1.5 to 1.7 million [metric loads](https://www.google.com/search?kgmid=/m/0cqd_rb) of the [commodity](https://www.pinterest.com.au/missionnewenergy/). 
 Oil World [senior analyst](https://www.google.com/search?kgmid=/m/0cqd_rb) [David Mielke](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) likewise [stated global](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) palm [oil production](https://www.businessnews.com.au/Company/Mission-NewEnergy) is [anticipated](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to [increase](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) by 2.3 million [metric heaps](https://www.pinterest.com.au/missionnewenergy/) in 2024/25 [compared](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) to the previous season. 
 ([Reporting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by [Danial Azhar](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and Ashley Tang; [Editing](https://pitchbook.com/profiles/company/51278-86) by Martin Petty)