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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) [oil industry](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) expert on Tuesday [stated Indonesia's](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [prepare](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) for the [extensive](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) use of the [palm-oil based](https://www.zoominfo.com/c/mission-newenergy/346542889) B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "devastating" for the [international](https://www.crunchbase.com/organization/mission-newenergy) market, as it would the [additional usage](https://www.google.com/search?kgmid=/m/0cqd_rb) of 1.5 to 1.7 million metric lots of the [product](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br>
<br>Oil World [senior expert](https://www.pinterest.com.au/missionnewenergy/) [David Mielke](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) also said [worldwide palm](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [oil production](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) is [anticipated](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to [increase](https://forest500.org/rankings/companies/mission-newenergy-limited) by 2.3 million [metric loads](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in 2024/25 [compared](https://www.bloomberg.com/profile/company/MNELF:US) to the previous season.<br>
<br>([Reporting](https://www.businessnews.com.au/Company/Mission-NewEnergy) by [Danial Azhar](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) and Ashley Tang