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Indonesia B40 Biodiesel Plan would be 'Devastating' For World
Annie Hoag edited this page 3 months ago
KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry expert on Tuesday stated Indonesia's prepare for the widespread usage of the palm-oil based B40 biodiesel from next year would be "disastrous" for the worldwide market, as it would include the use of 1.5 to 1.7 million metric lots of the product.
Oil World senior analyst David Mielke likewise said international palm oil production is expected to increase by 2.3 million metric heaps in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang