Indonesia-B40-Biodiesel-Plan-would-be-%27Catastrophic%27-For-World.md

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+<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.pinterest.com.au/missionnewenergy/) [oil industry](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) expert on Tuesday said [Indonesia's prepare](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) for the [widespread](https://www.crunchbase.com/organization/mission-newenergy) use of the [palm-oil based](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) B40 [biodiesel](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) from next year would be "catastrophic" for the  market, as it would include the extra use of 1.5 to 1.7 million [metric heaps](https://stocktwits.com/symbol/MNEL) of the [product](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608).<br>
+<br>Oil World [senior analyst](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [David Mielke](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) likewise [stated global](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) [palm oil](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) [production](https://stocktwits.com/symbol/MNEL) is [expected](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) to [increase](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) by 2.3 million [metric heaps](https://pitchbook.com/profiles/company/51278-86) in 2024/25 [compared](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to the previous season.<br>
+<br>([Reporting](https://www.crunchbase.com/organization/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