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

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Denny Andrews 5 months ago
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      Indonesia-B40-Biodiesel-Plan-would-be-%27Devastating%27-For-World.md

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

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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.zoominfo.com/c/mission-newenergy/346542889) [oil industry](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) expert on Tuesday said [Indonesia's strategy](https://www.crunchbase.com/organization/mission-newenergy) for the [widespread usage](https://forest500.org/rankings/companies/mission-newenergy-limited) of the [palm-oil based](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) B40 [biodiesel](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) from next year would be "devastating" for the [worldwide](https://pitchbook.com/profiles/company/51278-86) market, as it would include 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 heaps](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) of the [product](https://stocktwits.com/symbol/MNEL).<br>
<br>Oil World [senior expert](https://www.crunchbase.com/organization/mission-newenergy) [David Mielke](https://www.pinterest.com.au/missionnewenergy/) likewise said [worldwide palm](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [oil production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is [expected](https://forest500.org/rankings/companies/mission-newenergy-limited) to by 2.3 million [metric loads](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in 2024/25 [compared](https://www.google.com/search?kgmid=/m/0cqd_rb) to the previous season.<br>
<br>([Reporting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by [Danial Azhar](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) and Ashley Tang
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