Indonesia B40 Biodiesel Plan would be 'Devastating' For World
KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday stated Indonesia's prepare for the widespread use of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the global 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 likewise said 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; Editing by Martin Petty)