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

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

Luann Colvin edited this page 7 days ago

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

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

( by Danial Azhar and Ashley Tang