View source for Indonesia B40 Biodiesel Plan Would Be Catastrophic For World

<br>KUALA LUMPUR, Oct 8 (Reuters) - A [https://www.businessnews.com.au/Company/Mission-NewEnergy leading palm] [https://www.zoominfo.com/c/mission-newenergy/346542889 oil market] expert on Tuesday [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ stated Indonesia's] [https://www.pinterest.com.au/missionnewenergy/ prepare] for the [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 widespread] use of the [https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 palm-oil based] B40 [https://www.investing.com/equities/mission-newenergy-ltd-company-profile biodiesel] from next year would be "disastrous" for the [https://stocktwits.com/symbol/MNEL international] market, as it would [https://www.businessnews.com.au/Company/Mission-NewEnergy involve] the [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html additional] use of 1.5 to 1.7 million metric lots of the [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html commodity].<br> <br><br>Oil World [https://www.google.com/search?kgmid=/m/0cqd_rb senior analyst] [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 David Mielke] also said [https://www.pinterest.com.au/missionnewenergy/ worldwide palm] oil [https://www.google.com/search?kgmid=/m/0cqd_rb production] is [https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/ expected] to  by 2.3 million metric tons in 2024/25 [https://forest500.org/rankings/companies/mission-newenergy-limited compared] to the previous season.<br><br><br>([https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm Reporting] by [https://www.bloomberg.com/profile/company/MNELF:US Danial Azhar] and Ashley Tang; [https://stocktwits.com/symbol/MNEL Editing] by Martin Petty)<br>