Thailand looks to palm oil-based biolubricants as major bioeconomy opportunity

In Thailand, the Bangkok Post newspaper reports that biolubricants from palm oil products among other potential feedstocks could be a boon for the farming industry as part of the country’s growing focus on developing a strong bioeconomy. The use of palm oil as feedstock for biolubricants is also seen as another way to reduce the country’s huge palm oil surplus that it is trying to draw down through increased blending of biodiesel. The Asia-Pacific biolubricant market is expected to grow by 50% to 2026, valued at around $4 billion.