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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) expert on Tuesday said [Indonesia's prepare](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) for the [extensive](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) use of the [palm-oil](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) based B40 [biodiesel](https://www.google.com/search?kgmid=/m/0cqd_rb) from next year would be "disastrous" for the [international](https://www.businessnews.com.au/Company/Mission-NewEnergy) market, as it would include the of 1.5 to 1.7 million metric lots of the [product](https://forest500.org/rankings/companies/mission-newenergy-limited).<br> |
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<br>Oil World [senior analyst](https://www.zonebourse.com/cours/action/MISSION-NEWENERGY-LIMITED-8557641/) [David Mielke](https://forest500.org/rankings/companies/mission-newenergy-limited) also [stated worldwide](https://www.pinterest.com.au/missionnewenergy/) [palm oil](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) [production](https://www.crunchbase.com/organization/mission-newenergy) is [expected](https://www.google.com/search?kgmid=/m/0cqd_rb) to [increase](https://pitchbook.com/profiles/company/51278-86) by 2.3 million metric tons in 2024/25 [compared](https://www.google.com/search?kgmid=/m/0cqd_rb) to the previous season.<br> |
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<br>([Reporting](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) 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 |
