Indonesia B40 Biodiesel Plan would be 'Catastrophic' For World
KUALA LUMPUR, Oct 8 (Reuters) - A top palm oil industry analyst on Tuesday stated Indonesia's prepare for the extensive usage of the palm-oil based B40 biodiesel from next year would be "catastrophic" for the international market, as it would involve the extra usage of 1.5 to 1.7 million metric lots of the product.
Oil World senior analyst also said international palm oil production is anticipated 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)