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

Patsy Schnell 2025-01-16 08:10:37 -06:00
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Indonesia-B40-Biodiesel-Plan-would-be-%27Catastrophic%27-For-World.md Normal file

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<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](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) on Tuesday stated [Indonesia's strategy](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) for the [widespread](https://stocktwits.com/symbol/MNEL) usage of the [palm-oil based](https://www.google.com/search?kgmid=/m/0cqd_rb) 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 [international](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market, as it would [involve](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [extra usage](https://www.businessnews.com.au/Company/Mission-NewEnergy) of 1.5 to 1.7 million metric lots of the [commodity](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/).<br>
<br>Oil World [senior expert](https://stocktwits.com/symbol/MNEL) [David Mielke](https://forest500.org/rankings/companies/mission-newenergy-limited) also said [global palm](https://pitchbook.com/profiles/company/51278-86) oil [production](https://www.pinterest.com.au/missionnewenergy/) is [anticipated](https://pitchbook.com/profiles/company/51278-86) to [increase](https://www.pinterest.com.au/missionnewenergy/) by 2.3 million metric tons in 2024/25 [compared](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to the previous season.<br>
<br>([Reporting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) by [Danial Azhar](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) and Ashley Tang