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

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

Margarita Wirth edited this page 3 months ago

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday stated Indonesia's strategy for the extensive use of the palm-oil based B40 biodiesel from next year would be "disastrous" for the international market, as it would involve the additional usage of 1.5 to 1.7 million metric lots of the .

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

(Reporting by Danial Azhar and Ashley Tang