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Page: Indonesia B40 Biodiesel Plan would be 'Devastating' For World
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Indonesia B40 Biodiesel Plan would be 'Devastating' For World
Leta McConnan edited this page 2 months ago


KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil market analyst on Tuesday said Indonesia's strategy for the prevalent use of the palm-oil based B40 biodiesel from next year would be "devastating" 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 analyst David Mielke also stated worldwide palm oil production is expected to increase by 2.3 million metric tons in 2024/25 compared to the previous season.

(Reporting by and Ashley Tang

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