Malaysia moves B7 to B10 mandate up to Dec. 1
In Malaysia, the government moved up the start date for the new biodiesel fuel mandate to December 1st instead of the expected February start date because the cabinet has approved the use of B10, allowing the date to be moved up earlier than expected. With lowered demand from Europe for palm oil, the move is expected to increase the use of palm oil as feedstock for the biodiesel and is expected to double the use of palm oil locally.
According to Reuters, “Primary Industries Minister Teresa Kok said in a radio interview with national news agency Bernama on Wednesday that the government had given the approval to implement the so-called B10 biodiesel mandate.”
CIMB Research analyst Ivy Ng told Reuters that “This could help reduce current high palm oil stock levels over time.”
Category: Policy
