Malaysia will increase the amount of palm oil in biodiesel from 5 percent to 7 percent from November, as the world’s No 2 palm grower tries to reduce stockpiles and prop up prices that have fallen nearly 20 percent this year.
Malaysia was also studying the possibility of again raising the mandate for palm oil in diesel to 10 percent, Plantation Industries and Commodities Minister Douglas Uggah Embas said today, although he not give any timeline for implementation.
Crude palm oil is increasingly being used as an additive to fossil fuels as it can reduce costs and cut down on environmentally damaging emissions.
The so-called B7 biodiesel blend programme would boost the domestic use of biodiesel to 575,000 tonnes a year, Douglas told reporters in Kuala Lumpur, and could help boost palm prices.
Full story: http://www.malaysiakini.com/news/278816
