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M2 Capital Sdn. Bhd

Overview

  • Founded Date August 26, 1954
  • Sectors Automotive
  • Posted Jobs 0
  • Viewed 2

Company Description

Indonesia B40 Biodiesel Plan would be ‘Disastrous’ For World

KUALA LUMPUR, Oct 8 (Reuters) – A top palm oil market analyst on Tuesday said Indonesia’s strategy for the prevalent usage of the palm-oil based B40 biodiesel from next year would be “catastrophic” for the worldwide market, as it would involve the additional usage of 1.5 to 1.7 million metric lots of the .

Oil World senior expert David Mielke likewise stated global 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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