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Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
lucillemargare edited this page 2025-01-18 06:45:05 +11:00
KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry analyst on Tuesday said Indonesia's prepare for the use of the palm-oil based B40 biodiesel from next year would be "devastating" for the global market, as it would involve the additional usage of 1.5 to 1.7 million metric heaps of the product.
Oil World senior analyst David Mielke likewise stated international palm oil production is expected to increase by 2.3 million metric tons in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang