Indonesia B40 Biodiesel Plan Would Be Disastrous For World
Revision as of 08:19, 19 January 2025 by ChadF87803574954 (talk | contribs)
KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday said Indonesia's plan for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the global market, as it would include the additional usage of 1.5 to 1.7 million metric loads of the commodity.
Oil World David Mielke likewise stated worldwide palm oil production is anticipated to increase by 2.3 million metric loads in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)
