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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.businessnews.com.au/Company/Mission-NewEnergy) oil [market analyst](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) on Tuesday said [Indonesia's prepare](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for the [widespread](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) use of the [palm-oil based](https://www.pinterest.com.au/missionnewenergy/) B40 [biodiesel](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) from next year would be "devastating" for the global market, as it would include the [additional usage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of 1.5 to 1.7 million metric lots of the [commodity](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html).<br> |
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<br>Oil World [senior expert](https://www.zoominfo.com/c/mission-newenergy/346542889) [David Mielke](https://www.zoominfo.com/c/mission-newenergy/346542889) also said global [production](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) is [expected](https://stocktwits.com/symbol/MNEL) to [increase](https://www.google.com/search?kgmid=/m/0cqd_rb) by 2.3 million [metric heaps](https://pitchbook.com/profiles/company/51278-86) in 2024/25 [compared](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) to the previous season.<br> |
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<br>([Reporting](https://www.google.com/search?kgmid=/m/0cqd_rb) by [Danial Azhar](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) and Ashley Tang |
