Add 'Indonesia B40 Biodiesel Plan would be 'Disastrous' For World'

Indonesia-B40-Biodiesel-Plan-would-be-%27Disastrous%27-For-World.md

@@ -0,0 +1,3 @@
+<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.zoominfo.com/c/mission-newenergy/346542889) [oil market](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) expert on Tuesday [stated Indonesia's](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) plan for the [extensive usage](https://pitchbook.com/profiles/company/51278-86) of the [palm-oil based](https://forest500.org/rankings/companies/mission-newenergy-limited) B40 [biodiesel](https://www.crunchbase.com/organization/mission-newenergy) from next year would be "disastrous" for the  market, as it would [involve](https://www.google.com/search?kgmid=/m/0cqd_rb) the extra use of 1.5 to 1.7 million metric lots of the [product](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Oil World [senior expert](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [David Mielke](https://www.zoominfo.com/c/mission-newenergy/346542889) likewise said [worldwide palm](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) [oil production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is [expected](https://www.crunchbase.com/organization/mission-newenergy) to [increase](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by 2.3 million metric tons in 2024/25 [compared](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to the previous season.<br>
+<br>([Reporting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by [Danial Azhar](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) and Ashley Tang