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Indonesia B40 Biodiesel Plan would be 'Disastrous' For World
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KUALA LUMPUR, Oct 8 (Reuters) - A top market expert on Tuesday stated Indonesia's strategy for the extensive usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the international market, as it would include the additional use of 1.5 to 1.7 million metric lots of the product.
Oil World senior analyst David Mielke also stated global palm oil production is expected to increase by 2.3 million metric lots in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang