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Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
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KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry expert on Tuesday stated Indonesia's prepare for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "devastating" for the global market, as it would involve the extra use of 1.5 to 1.7 million metric lots of the product.
Oil World senior analyst David Mielke also said international palm oil production is expected to increase by 2.3 million metric heaps in 2024/25 compared to the previous season.
(Reporting by and Ashley Tang