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.crunchbase.com/organization/mission-newenergy) [oil industry](https://forest500.org/rankings/companies/mission-newenergy-limited) expert on Tuesday [stated Indonesia's](https://www.zoominfo.com/c/mission-newenergy/346542889) [prepare](https://www.bloomberg.com/profile/company/MNELF:US) for the [extensive usage](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) of the [palm-oil](https://www.crunchbase.com/organization/mission-newenergy) based B40 [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from next year would be "catastrophic" for the global market, as it would include the extra use of 1.5 to 1.7 million metric lots of the [product](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price).<br>
+<br>Oil World [senior analyst](https://pitchbook.com/profiles/company/51278-86) [David Mielke](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) also said [global palm](https://www.google.com/search?kgmid=/m/0cqd_rb) [oil production](https://forest500.org/rankings/companies/mission-newenergy-limited) is [expected](https://www.businessnews.com.au/Company/Mission-NewEnergy) to [increase](https://www.crunchbase.com/organization/mission-newenergy) by 2.3 million metric lots in 2024/25 [compared](https://www.crunchbase.com/organization/mission-newenergy) to the previous season.<br>
+<br>( by [Danial Azhar](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) and Ashley Tang