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<br>KUALA LUMPUR, Oct 8 (Reuters) - A top [industry analyst](https://pitchbook.com/profiles/company/51278-86) on Tuesday [stated Indonesia's](https://www.proactiveinvestors.com.au/ASX:MBT/Mission-NewEnergy-Ltd) plan for the [prevalent usage](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) of the [palm-oil](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) based B40 [biodiesel](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) from next year would be "devastating" for the [international](https://www.crunchbase.com/organization/mission-newenergy) market, as it would include the [additional usage](https://www.pinterest.com.au/missionnewenergy/) of 1.5 to 1.7 million [metric heaps](https://www.google.com/search?kgmid=/m/0cqd_rb) of the [product](https://www.crunchbase.com/organization/mission-newenergy).<br> |
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<br>Oil World [senior expert](https://www.sec.gov/Archives/edgar/data/1463471/000165495419013063/R31.htm) [David Mielke](https://pitchbook.com/profiles/company/51278-86) likewise said [worldwide palm](https://www.marketscreener.com/quote/stock/MISSION-NEWENERGY-LIMITED-178469/company/) oil [production](https://stocktwits.com/symbol/MNEL) is [expected](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to [increase](https://stocktwits.com/symbol/MNEL) by 2.3 million metric tons in 2024/25 [compared](https://www.energy-xprt.com/companies/mission-newenergy-limited-36048) to the previous season.<br> |
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<br>([Reporting](https://www.nasdaq.com/market-activity/ipos/overview?dealId=804419-65608) 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 |
