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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [oil industry](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [analyst](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) on Tuesday [stated Indonesia's](https://www.google.com/search?kgmid=/m/0cqd_rb) [prepare](https://www.pinterest.com.au/missionnewenergy/) for the [prevalent usage](https://www.google.com/search?kgmid=/m/0cqd_rb) of the [palm-oil](https://www.crunchbase.com/organization/mission-newenergy) based B40 [biodiesel](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from next year would be "catastrophic" for the [international](https://pitchbook.com/profiles/company/51278-86) market, as it would include the [extra usage](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) of 1.5 to 1.7 million metric loads of the [commodity](https://www.businessnews.com.au/Company/Mission-NewEnergy).<br> |
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<br>Oil World [senior expert](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) [David Mielke](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) also said oil [production](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) is [anticipated](https://www.abnnewswire.net/companies/en/31347/%E0%B8%9A%E0%B8%A3%E0%B8%B4%E0%B8%A9%E0%B8%B1%E0%B8%97-Mission-NewEnergy-%E0%B8%88%E0%B8%B3%E0%B8%81%E0%B8%B1%E0%B8%94.html/4) to [increase](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by 2.3 million [metric heaps](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) in 2024/25 [compared](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) to the previous season.<br> |
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<br>([Reporting](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) by [Danial Azhar](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) and Ashley Tang |
