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

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

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+<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://www.google.com/search?kgmid=/m/0cqd_rb) [market analyst](https://pitchbook.com/profiles/company/51278-86) on Tuesday [stated Indonesia's](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [strategy](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for the [extensive usage](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of the [palm-oil based](https://forest500.org/rankings/companies/mission-newenergy-limited) B40 [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from next year would be "devastating" for the [international](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) market, as it would [involve](https://stocktwits.com/symbol/MNEL) the [extra usage](https://stocktwits.com/symbol/MNEL) of 1.5 to 1.7 million metric lots of the [commodity](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd).<br>
+<br>Oil World  [David Mielke](https://www.google.com/search?kgmid=/m/0cqd_rb) likewise [stated worldwide](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [palm oil](https://www.google.com/search?kgmid=/m/0cqd_rb) [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://stocktwits.com/symbol/MNEL) to [increase](https://www.businessnews.com.au/Company/Mission-NewEnergy) by 2.3 million [metric heaps](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) 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 by [Danial Azhar](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and Ashley Tang