Mission NewEnergy Limited

Overview

  • Founded Date noviembre 3, 2020
  • Sectors Tecnología
  • Posted Jobs 0
  • Viewed 16

Company Description

Indonesia B40 Biodiesel Plan would be ‘Devastating’ For World

KUALA LUMPUR, Oct 8 (Reuters) – A oil market analyst on Tuesday said Indonesia’s strategy for the prevalent usage of the palm-oil based B40 biodiesel from next year would be «disastrous» for the worldwide market, as it would involve the additional usage of 1.5 to 1.7 million metric lots of the product.

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

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

 
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