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

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

Grady Hazel edited this page 7 days ago

KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry analyst on Tuesday said Indonesia's prepare for the extensive usage of the palm-oil based B40 biodiesel from next year would be "disastrous" for the international market, as it would include the extra use of 1.5 to 1.7 million metric tons of the commodity.

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

(Reporting by Danial Azhar and Ashley Tang