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Mission NewEnergy Limited

Overview

  • Founded Date February 22, 1940
  • Sectors CAAS
  • Posted Jobs 0
  • Viewed 42
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Company Description

Indonesia B40 Biodiesel Plan would be ‘Devastating’ For World

KUALA LUMPUR, Oct 8 (Reuters) – A top palm oil market analyst on Tuesday said Indonesia’s plan for the widespread usage of the palm-oil based B40 biodiesel from next year would be “catastrophic” for the international market, as it would include the additional use of 1.5 to 1.7 million metric loads of the commodity.

Oil World senior analyst likewise stated worldwide palm oil production is anticipated to increase by 2.3 million metric heaps in 2024/25 compared to the previous season.

(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)

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