
Mission Biotechnologies Sdn. Bhd
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Founded Date June 8, 1932
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Sectors AHP
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Posted Jobs 0
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Viewed 6
Company Description
Indonesia B40 Biodiesel Plan would be ‘Devastating’ For World
KUALA LUMPUR, Oct 8 (Reuters) – A leading palm oil market expert on Tuesday stated Indonesia’s plan for the extensive use of the palm-oil based B40 biodiesel from next year would be “catastrophic” for the global market, as it would include the extra use of 1.5 to 1.7 million metric lots of the commodity.
Oil World senior analyst David Mielke also stated worldwide palm oil production is expected to increase by 2.3 million metric tons in 2024/25 compared to the previous season.