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Page: Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
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Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
Juli Keller edited this page 3 weeks ago


KUALA LUMPUR, Oct 8 (Reuters) - A oil market expert on Tuesday stated Indonesia's prepare for the extensive usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the worldwide market, as it would include the extra use of 1.5 to 1.7 million metric lots of the commodity.

Oil World senior expert David Mielke likewise stated global 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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