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Oleovest Pl

Overview

  • Founded Date December 7, 1941
  • Sectors Education Training
  • Posted Jobs 0
  • Viewed 29
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Company Description

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 “devastating” for the worldwide market, as it would involve the of 1.5 to 1.7 million metric lots of the product.

Oil World senior analyst David Mielke also said worldwide palm oil production is anticipated to increase by 2.3 million metric lots in 2024/25 compared to the previous season.

(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)

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