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<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://www.zoominfo.com/c/mission-newenergy/346542889) [industry expert](https://pitchbook.com/profiles/company/51278-86) on Tuesday [stated Indonesia's](https://forest500.org/rankings/companies/mission-newenergy-limited) [prepare](https://pitchbook.com/profiles/company/51278-86) 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 based](https://www.bloomberg.com/profile/company/MNELF:US) B40 [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from next year would be "devastating" for the [worldwide](https://pitchbook.com/profiles/company/51278-86) market, as it would [involve](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) the [additional usage](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of 1.5 to 1.7 million metric lots of the .<br> |
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<br>Oil World [senior expert](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [David Mielke](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) also said [international](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) [palm oil](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [production](https://stocktwits.com/symbol/MNEL) is [expected](https://www.crunchbase.com/organization/mission-newenergy) to [increase](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by 2.3 million metric lots in 2024/25 [compared](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) to the previous season.<br> |
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<br>([Reporting](https://www.bloomberg.com/profile/company/MNELF:US) by [Danial Azhar](https://pitchbook.com/profiles/company/51278-86) and Ashley Tang |
