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.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) oil [market expert](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) on Tuesday said [Indonesia's prepare](https://forest500.org/rankings/companies/mission-newenergy-limited) for the [extensive usage](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of the [palm-oil](https://www.google.com/search?kgmid=/m/0cqd_rb) based B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "catastrophic" for the global market, as it would include the [extra usage](https://www.zoominfo.com/c/mission-newenergy/346542889) 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 [senior analyst](https://www.crunchbase.com/organization/mission-newenergy) [David Mielke](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) likewise said [global palm](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil [production](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is [expected](https://www.google.com/search?kgmid=/m/0cqd_rb) to [increase](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by 2.3 million metric lots in 2024/25 [compared](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to the previous season.<br>
+<br>([Reporting](https://forest500.org/rankings/companies/mission-newenergy-limited) by  and Ashley Tang