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Indonesia B40 Biodiesel Plan would be 'Disastrous' For World
tahliasparrow edited this page 2025-01-17 23:09:50 +01:00
KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil market expert on Tuesday stated Indonesia's plan for the extensive usage of the palm-oil based B40 biodiesel from next year would be "disastrous" for the market, as it would involve the extra use of 1.5 to 1.7 million metric lots of the product.
Oil World senior expert David Mielke likewise said worldwide 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