Page: Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

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1 Indonesia B40 Biodiesel Plan would be 'Disastrous' For World

Suzette McGuffog edited this page 4 weeks ago

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday stated Indonesia's prepare for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the worldwide market, as it would involve the extra use of 1.5 to 1.7 million metric lots of the product.

Oil World senior analyst David Mielke also said 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