View source for Indonesia B40 Biodiesel Plan Would Be Disastrous For World

<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [https://www.businessnews.com.au/Company/Mission-NewEnergy palm oil] [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html market analyst] on Tuesday said [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 Indonesia's plan] for the [https://www.businessnews.com.au/Company/Mission-NewEnergy prevalent usage] of the [https://www.businessnews.com.au/Company/Mission-NewEnergy palm-oil based] B40 [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] from next year would be "devastating" for the global market, as it would include the [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html additional usage] of 1.5 to 1.7 million [https://www.businessnews.com.au/Company/Mission-NewEnergy metric loads] of the [https://www.investing.com/equities/mission-newenergy-ltd-company-profile commodity].<br> <br><br>Oil World  [https://www.google.com/search?kgmid=/m/0cqd_rb David Mielke] likewise stated [https://www.businessnews.com.au/Company/Mission-NewEnergy worldwide palm] [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html oil production] is [https://www.businessnews.com.au/Company/Mission-NewEnergy anticipated] to [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price increase] by 2.3 million [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 metric loads] in 2024/25 [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html compared] to the previous season.<br><br><br>([https://www.investing.com/equities/mission-newenergy-ltd-company-profile Reporting] by [https://www.crunchbase.com/organization/mission-newenergy Danial Azhar] and Ashley Tang; [https://pitchbook.com/profiles/company/51278-86 Editing] by Martin Petty)<br>