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

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

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+<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [oil market](https://www.businessnews.com.au/Company/Mission-NewEnergy) [analyst](https://pitchbook.com/profiles/company/51278-86) on Tuesday said [Indonesia's strategy](https://pitchbook.com/profiles/company/51278-86) for the [prevalent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) use of the [palm-oil based](https://www.businessnews.com.au/Company/Mission-NewEnergy) B40 [biodiesel](https://www.pinterest.com.au/missionnewenergy/) from next year would be "disastrous" for the [international](https://forest500.org/rankings/companies/mission-newenergy-limited) market, as it would  the [additional usage](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of 1.5 to 1.7 million metric lots of the [commodity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
+<br>Oil World [senior expert](https://www.zoominfo.com/c/mission-newenergy/346542889) [David Mielke](https://stocktwits.com/symbol/MNEL) likewise said [worldwide palm](https://pitchbook.com/profiles/company/51278-86) oil [production](https://www.businessnews.com.au/Company/Mission-NewEnergy) is [expected](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [increase](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) by 2.3 million metric lots in 2024/25 [compared](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to the previous season.<br>
+<br>([Reporting](https://www.pinterest.com.au/missionnewenergy/) by [Danial Azhar](https://www.zoominfo.com/c/mission-newenergy/346542889) and Ashley Tang