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

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

Shaunte Nowell edited this page 2 months ago

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market expert on Tuesday stated Indonesia's prepare for the extensive usage of the based B40 biodiesel from next year would be "disastrous" for the global market, as it would involve the extra usage of 1.5 to 1.7 million metric lots of the commodity.

Oil World senior expert David Mielke likewise said international palm oil production is expected to increase by 2.3 million metric tons in 2024/25 compared to the previous season.

(Reporting by Danial Azhar and Ashley Tang