
Mission NewEnergy Limited
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Founded Date March 15, 1998
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Indonesia B40 Biodiesel Plan would be ‘Catastrophic’ For World
KUALA LUMPUR, Oct 8 (Reuters) – A leading palm oil market expert on Tuesday said for the extensive usage of the palm-oil based B40 biodiesel from next year would be “devastating” for the worldwide market, as it would include the extra usage of 1.5 to 1.7 million metric loads of the commodity.
Oil World senior analyst David Mielke likewise said worldwide palm oil production is expected to increase by 2.3 million metric lots in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)