Malaysia and China sign MoU for palm oil and biofuel

In Malaysia, a memorandum of understanding will be signed between the Malaysian Palm Oil Board and Tsinghua University on the promotion of Malaysian biofuel in China, according to the Ministry of Primary Industries. A second MoU will be between the Malaysian Rubber Board and Hainan State Farms Investment Holdings Group Co Ltd. related to rubber technology and mechanization, and a third MoU will be signed between Sime Darby Plantation Bhd and China National Cereals, Oils and Foodstuffs Corporation (COFCO) Group to develop downstream applications for palm oil and palm-based products.

According to the Star Online, the Ministry said, “The commodity export was mainly contributed by palm products valued at RM9.42 billion, followed by rubber and rubber products at RM8.09 billion.”

Malaysia’s Prime Minister, Tun Dr Mahathir Mohamad, is expected to witness the signings of the three agreements on palm oil and rubber during his official visit to China from Aug 17 to 21.