Indonesia B40 Biodiesel Plan Would Be Disastrous For World

<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price palm oil] [https://www.zoominfo.com/c/mission-newenergy/346542889 market analyst] on Tuesday [https://www.bloomberg.com/profile/company/MNELF:US stated Indonesia's] [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price prepare] for the [https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4 extensive usage] of the [https://stocktwits.com/symbol/MNEL palm-oil based] B40 [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 biodiesel] from next year would be "devastating" for the [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 international] market, as it would include the [https://www.pinterest.com.au/missionnewenergy/ extra usage] of 1.5 to 1.7 million [https://www.investing.com/equities/mission-newenergy-ltd-company-profile metric loads] of the [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 product].<br> <br><br>Oil World [https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price senior analyst] [https://www.businessnews.com.au/Company/Mission-NewEnergy David Mielke] likewise said [https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053 worldwide palm] [https://www.investing.com/equities/mission-newenergy-ltd-company-profile oil production] is [https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html anticipated] to [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 increase] by 2.3 million [https://www.zoominfo.com/c/mission-newenergy/346542889 metric loads] in 2024/25 [https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html compared] to the previous season.<br><br><br>([https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608 Reporting] by  and Ashley Tang; [https://www.energy-xprt.com/companies/mission-newenergy-limited-36048 Editing] by Martin Petty)<br>