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Mission Biofuels Sdn. Bhd

Overview

  • Founded Date July 7, 2023
  • Sectors Doctors
  • Posted Jobs 0
  • Viewed 7

Company Description

Indonesia B40 Biodiesel Plan would be ‘Disastrous’ For World

KUALA LUMPUR, Oct 8 (Reuters) – A top industry analyst on Tuesday said Indonesia’s plan for the extensive usage of the palm-oil based B40 biodiesel from next year would be “devastating” for the global market, as it would include the extra usage of 1.5 to 1.7 million metric heaps of the product.

Oil World senior analyst David Mielke also said global 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)