Indonesia B40 Biodiesel Plan would be 'Devastating' For World

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KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday stated Indonesia's strategy for the widespread usage of the palm-oil based B40 biodiesel from next year would be.

KUALA LUMPUR, Oct 8 (Reuters) - A leading palm oil industry analyst on Tuesday said Indonesia's prepare for the prevalent usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the international market, as it would involve the additional usage of 1.5 to 1.7 million metric lots of the commodity.


Oil World senior expert David Mielke also said 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)

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