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

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

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+<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [oil market](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) expert on Tuesday [stated Indonesia's](https://www.zoominfo.com/c/mission-newenergy/346542889) [prepare](https://pitchbook.com/profiles/company/51278-86) for the [prevalent usage](https://pitchbook.com/profiles/company/51278-86) of the [palm-oil based](https://www.bloomberg.com/profile/company/MNELF:US) B40 [biodiesel](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) from next year would be "devastating" for the global market, as it would [involve](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) the extra use of 1.5 to 1.7 million [metric loads](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) of the [product](https://www.bloomberg.com/profile/company/MNELF:US).<br>
+<br>Oil World [senior expert](https://www.pinterest.com.au/missionnewenergy/) [David Mielke](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) likewise said [international](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [palm oil](https://www.bloomberg.com/profile/company/MNELF:US) [production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is [expected](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to [increase](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) by 2.3 million [metric heaps](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) in 2024/25 [compared](https://www.businessnews.com.au/Company/Mission-NewEnergy) to the previous season.<br>
+<br>([Reporting](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) by  and Ashley Tang