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

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

Archer Hoffmann edited this page 22 hours ago

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

Oil World senior expert David Mielke also 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