Thai biodiesel industry wants B10 to start in 2018 to soak up excess palm oil

In Thailand, the biodiesel producers association wants the government to boost biodiesel blending to 10% in an effort to sop up excess palm oil supplies. B10 is anticipated for 2019, up from the current 7% blending mandate, but industry wants the government to move that timetable forward in order to absorb another 500,000 metric tons of palm oil. This year’s surplus is seen at around 540,000 tons compared to typical years where the surplus is between 320,000 and 350,000 tons.