From 02e6a1068af33fcd984ac49ace6baa6705b124e0 Mon Sep 17 00:00:00 2001 From: meghanmullan55 Date: Mon, 13 Jan 2025 13:49:13 +0800 Subject: [PATCH] Add 'Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World' --- ...B40-Biodiesel-Plan-would-be-%27Catastrophic%27-For-World.md | 3 +++ 1 file changed, 3 insertions(+) create mode 100644 Indonesia-B40-Biodiesel-Plan-would-be-%27Catastrophic%27-For-World.md diff --git a/Indonesia-B40-Biodiesel-Plan-would-be-%27Catastrophic%27-For-World.md b/Indonesia-B40-Biodiesel-Plan-would-be-%27Catastrophic%27-For-World.md new file mode 100644 index 0000000..6fcdef0 --- /dev/null +++ b/Indonesia-B40-Biodiesel-Plan-would-be-%27Catastrophic%27-For-World.md @@ -0,0 +1,3 @@ +
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/).
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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.
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([Reporting](https://www.pinterest.com.au/missionnewenergy/) by [Danial Azhar](https://www.zoominfo.com/c/mission-newenergy/346542889) and Ashley Tang \ No newline at end of file