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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [industry](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) [analyst](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) on Tuesday said [Indonesia's prepare](https://pitchbook.com/profiles/company/51278-86) for the [widespread](https://www.zoominfo.com/c/mission-newenergy/346542889) use of the [palm-oil](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) based B40 [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from next year would be "devastating" for the [international](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) market, as it would [involve](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) the [extra usage](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) of 1.5 to 1.7 million metric tons of the [product](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html).<br>
+<br>Oil World [senior expert](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) [David Mielke](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) likewise stated [worldwide palm](https://www.zoominfo.com/c/mission-newenergy/346542889) [oil production](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is [expected](https://www.bloomberg.com/profile/company/MNELF:US) to [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by 2.3 million metric lots in 2024/25 [compared](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to the previous season.<br>
+<br>([Reporting](https://pitchbook.com/profiles/company/51278-86) by  and Ashley Tang