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Indonesia B40 Biodiesel Plan would be ‘Devastating’ For World
KUALA LUMPUR, Oct 8 (Reuters) – A leading palm oil industry expert on Tuesday said for the prevalent usage of the palm-oil based B40 biodiesel from next year would be “disastrous” for the international market, as it would include the additional usage of 1.5 to 1.7 million metric lots of the product.
Oil World senior expert David Mielke also stated international 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)