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

Indonesia-B40-Biodiesel-Plan-would-be-%27Devastating%27-For-World.md

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+<br>KUALA LUMPUR, Oct 8 (Reuters) - A top  [industry expert](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) on Tuesday [stated Indonesia's](https://www.crunchbase.com/organization/mission-newenergy) [strategy](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) for the [prevalent](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) use of the [palm-oil based](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) B40 [biodiesel](https://stocktwits.com/symbol/MNEL) from next year would be "disastrous" for the global market, as it would include the [extra usage](https://forest500.org/rankings/companies/mission-newenergy-limited) of 1.5 to 1.7 million metric lots 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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [David Mielke](https://www.pinterest.com.au/missionnewenergy/) also [stated international](https://www.google.com/search?kgmid=/m/0cqd_rb) palm [oil production](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) is [expected](https://stocktwits.com/symbol/MNEL) 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.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to the previous season.<br>
+<br>([Reporting](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by [Danial Azhar](https://www.bloomberg.com/profile/company/MNELF:US) and Ashley Tang