
Mission NewEnergy Limited
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Founded Date February 18, 2003
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Sectors Health Care
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Posted Jobs 0
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Viewed 13
Company Description
Indonesia B40 Biodiesel Plan would be ‘Catastrophic’ For World
KUALA LUMPUR, Oct 8 (Reuters) – A top palm oil market analyst on Tuesday stated Indonesia’s strategy for the widespread use of the palm-oil based B40 biodiesel from next year would be “disastrous” for the worldwide market, as it would include the extra usage of 1.5 to 1.7 million metric tons of the .
Oil World senior analyst David Mielke likewise stated global palm oil production is expected to increase by 2.3 million metric heaps in 2024/25 compared to the previous season.
(Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty)