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<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [palm oil](https://www.pinterest.com.au/missionnewenergy/) [market analyst](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) on Tuesday [stated Indonesia's](https://www.businessnews.com.au/Company/Mission-NewEnergy) plan for the [extensive](https://www.bloomberg.com/profile/company/MNELF:US) use of the [palm-oil based](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) B40 [biodiesel](https://www.zoominfo.com/c/mission-newenergy/346542889) from next year would be "catastrophic" for the [worldwide](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) market, as it would [involve](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) the extra use of 1.5 to 1.7 million metric lots of the [product](https://www.zoominfo.com/c/mission-newenergy/346542889).<br> |
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<br>Oil World [senior analyst](https://www.zoominfo.com/c/mission-newenergy/346542889) [David Mielke](https://stocktwits.com/symbol/MNEL) also [stated international](https://www.proactiveinvestors.co.uk/companies/news/159346/mission-newenergy-delivers-maiden-biodiesel-production-to-global-oil-major-24476.html) palm [oil production](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) is [anticipated](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) to [increase](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) by 2.3 million [metric heaps](https://stocktwits.com/symbol/MNEL) in 2024/25 [compared](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) to the previous season.<br> |
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<br>([Reporting](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) by [Danial Azhar](https://www.bloomberg.com/profile/company/MNELF:US) and Ashley Tang |
