Mission Biofuels India Private Ltd

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Indonesia B40 Biodiesel Plan would be ‘Catastrophic’ For World

KUALA LUMPUR, Oct 8 (Reuters) – A leading palm oil market analyst on Tuesday stated Indonesia’s plan for the prevalent usage of the palm-oil based B40 biodiesel from next year would be “disastrous” for the international market, as it would include the extra usage of 1.5 to 1.7 million metric tons of the commodity.

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

(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)

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