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Page: Indonesia B40 Biodiesel Plan would be 'Disastrous' For World
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1 Indonesia B40 Biodiesel Plan would be 'Disastrous' For World
Ola Quentin edited this page 3 weeks ago


KUALA LUMPUR, Oct 8 (Reuters) - A top market analyst on Tuesday said Indonesia's prepare for the prevalent use of the palm-oil based B40 biodiesel from next year would be “devastating” for the worldwide market, as it would include the additional usage of 1.5 to 1.7 million metric lots of the commodity.

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

(Reporting by Danial Azhar and Ashley Tang

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