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

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

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

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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://stocktwits.com/symbol/MNEL) [oil market](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) expert on Tuesday [stated Indonesia's](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [strategy](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) for the [widespread](https://www.zoominfo.com/c/mission-newenergy/346542889) use of the [palm-oil based](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) B40 [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from next year would be "devastating" for the [worldwide](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market, as it would [involve](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) the [extra usage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of 1.5 to 1.7 million metric lots of the [commodity](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/).<br>
<br>Oil World [senior analyst](https://www.businessnews.com.au/Company/Mission-NewEnergy) [David Mielke](https://www.crunchbase.com/organization/mission-newenergy) likewise [stated international](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) palm oil [production](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) is [anticipated](https://www.google.com/search?kgmid=/m/0cqd_rb) 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 loads](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) in 2024/25 [compared](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) to the previous season.<br>
<br>([Reporting](https://stocktwits.com/symbol/MNEL) by and Ashley Tang
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