
Mission NewEnergy Limited
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Founded Date July 20, 1948
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Sectors Staff Nurse
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Company Description
Indonesia B40 Biodiesel Plan would be ‘Catastrophic’ For World
KUALA LUMPUR, Oct 8 (Reuters) – A leading palm oil industry analyst on Tuesday stated Indonesia’s strategy for the prevalent use 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 lots of the .
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)