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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [leading palm](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) oil [industry expert](https://www.google.com/search?kgmid=/m/0cqd_rb) on Tuesday [stated Indonesia's](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) plan for the [prevalent usage](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) of the [palm-oil based](https://pitchbook.com/profiles/company/51278-86) B40 [biodiesel](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) from next year would be "catastrophic" for the global market, as it would include the extra use of 1.5 to 1.7 million metric lots of the .<br> |
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<br>Oil World [senior expert](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) [David Mielke](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) likewise said [international palm](https://www.bloomberg.com/profile/company/MNELF:US) [oil production](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) is [anticipated](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) to [increase](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) by 2.3 million [metric loads](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) in 2024/25 [compared](https://www.proactiveinvestors.co.uk/companies/news/159352/mission-newenergy-debt-free-focused-on-biofuel-joint-venture-60797.html) to the previous season.<br> |
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<br>([Reporting](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by [Danial Azhar](https://pitchbook.com/profiles/company/51278-86) and Ashley Tang |
