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<br>KUALA LUMPUR, Oct 8 (Reuters) - A [oil industry](https://www.crunchbase.com/organization/mission-newenergy) expert on Tuesday said [Indonesia's plan](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) for the [widespread](https://stocktwits.com/symbol/MNEL) 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.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) from next year would be "devastating" for the [worldwide](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) market, as it would [involve](https://forest500.org/rankings/companies/mission-newenergy-limited) the [additional usage](https://www.crunchbase.com/organization/mission-newenergy) of 1.5 to 1.7 million [metric heaps](https://www.investing.com/equities/mission-newenergy-ltd-company-profile) of the [commodity](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048).<br> |
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<br>Oil World [senior expert](https://www.google.com/search?kgmid=/m/0cqd_rb) [David Mielke](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) also said [international palm](https://www.intelligentinvestor.com.au/shares/asx-mbt/mission-newenergy-limited/share-price) [oil production](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) is [anticipated](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) to [increase](https://pitchbook.com/profiles/company/51278-86) by 2.3 million metric tons in 2024/25 [compared](https://www.pinterest.com.au/missionnewenergy/) to the previous season.<br> |
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<br>([Reporting](https://www.bloomberg.com/profile/company/MNELF:US) by [Danial Azhar](https://biodieselmagazine.com/articles/felda-global-buys-missions-kuantan-port-plant-for-11-5-million-9053) and Ashley Tang |
