Mission Agroenergy Ltd

Overview

  • Founded Date April 17, 2011
  • Sectors Logistics
  • Posted Jobs 0
  • Viewed 11

Company Description

Indonesia B40 Biodiesel Plan would be ‘Devastating’ For World

KUALA LUMPUR, Oct 8 (Reuters) – A leading palm oil market expert on Tuesday stated Indonesia’s strategy for the prevalent usage of the palm-oil based B40 biodiesel from next year would be “catastrophic” for the worldwide market, as it would include the additional usage of 1.5 to 1.7 million metric tons of the .

Oil World senior analyst David Mielke likewise stated worldwide palm oil production is expected to increase by 2.3 million metric loads in 2024/25 compared to the previous season.

(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)