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Malaysia To Double Palm Oil Use In Transport Biodiesel Next Year

12 Feb 2019 10:04 am
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MUMBAI (Commoditiescontrol) - Malaysia is mulling  to double the palm oil content in biodiesel used for the transport sector to 20 percent next year, as Southeast Asia's third-largest economy looks to cut record stockpiles and boost prices, a government minister said on Tuesday.

The government will also raise the palm oil content in biofuel for the industrial sector to 10 percent next year from a 7 percent quota being rolled out this July, Primary Industries Minister Teresa Kok said, speaking at a conference.

Malaysia's palm oil inventories fell to 3.001 million tonnes in January on increasing demand and falling production, but that was still near the two-decade high of 3.22 million tonnes recorded a month earlier.

The increases in the amount of palm oil mandated for biodiesel - know as B20 for transport and B10 for industrial use - should lift use of the vegetable oil in biofuels to 1.3 million tonnes annually, the minister said.


(By Commoditiescontrol Bureau) 


       
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