Tag: Malaysia

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Malaysian palm oil stocks fall to lowest in three years

In Malaysia, palm oil stocks have fallen to the lowest level in three years, down 3.6% since February at 1.6 million metric tons. Production is up 11% and exports are down 3% but with dry weather negatively impacting the palms, production may not continue to increase during the next leg of the growing cycle.

April 7, 2014 More

Malaysia’s B5 blending will be nationwide by July 1

In Malaysia, the B5 blending policy is expected to finally be fully implemented by July 1, with all 3,877 gas stations selling the palm oil-based fuel. Implementation of the policy will boost domestic consumption to 500,000 metric tons annually. The blend was implemented in the Central Region and then Southern Region over the course of […]

March 18, 2014 More

FGV ships third cargo of ISCC certified palm oil biodiesel to Europe

In Malaysia, Felda Global Ventures has shipped its third cargo of ISCC certified palm oil-based biodiesel to Europe, with 6,000 metric tons headed to the Spanish port of Huelva. Other shipments had been to Rotterdam and another European port. The company has also delivered 48 tons to the Kuantan Fuel Terminal where the fuel will […]

March 13, 2014 More

Dryness in SE Asia could negatively impact palm oil supplies for two years

In Malaysia, dryness in parts of Malaysia, Indonesia and Thailand is expected to reduce palm oil yields that will in turn support prices to above $920 per ton. Impacts from the dry weather won’t likely be seen until October through December, but could last as much as two years. Just 5% reduction in production could […]

March 6, 2014 More

Reuters poll sees palm oil rising 14% this year

In Malaysia, a Reuters poll shows that traders expect palm oil prices to rise 14% this year to $808 per metric ton due to increasing demand for biodiesel. The mandates set by Indonesia and Malaysia to boost consumption of their domestic production are key drivers behind the increased demand supporting prices. Those two countries could […]

February 11, 2014 More

Sterling Plantations sells SPC Biodiesel to GP Overseas

In Malaysia, Sterling Plantations Limited announced that it has entered into an agreement with GP Overseas Limited to sell its wholly-owned Malaysian subsidiary, SPC Biodiesel Sdn Bhd, for RM33 million (approximately A$11 million). SPC Biodiesel owns a 100,000 ton biodiesel plant located in Lahad Datu, Sabah, Malaysia. GP Overseas Limited is a wholly-owned subsidiary of […]

January 30, 2014 More

Airbus signs MoU for Malaysian biojet production

In Malaysia, Airbus and key Malaysian partners have signed a Memorandum of Understanding (MoU) to assess local solutions for sustainable bio-mass production in Malaysia. The aim is to determine the most suitable feedstocks to ensure that any future jet fuel production in the region is based only on sustainable solutions. The first assessment is expected […]

January 29, 2014 More

Malaysian biodiesel exports not seen affected by lower RFS

In Malaysia, even if the RFS in the US gets watered down, it’s not expected to have a major impact on palm oil biodiesel exports. Malaysia’s biodiesel exports soared in 2013 to 161,192 metric tons from just 28,983 tons the year before but the vast majority goes the EU and Asia, representing 75% and 23% […]

January 22, 2014 More

Malaysia’s Sirim looking for partners to futher commercialize BioNG

In Malaysia, Bername reports that Sirim is now seeking both local and foreign strategic partners to assist in commercializing its BioNG. BioNG is produced using liquid waste from palm oil. Dr. Zainal Mohd Yusof, Sirim President and CEO, told Bernama that the company was looking for partners that could be users, gas suppliers or willing […]

January 5, 2014 More

Palm oil prices seen boosted by Malaysian mandate but only till mid-year

In Malaysia, the government’s B5 plans are expected to boost palm oil prices through the first half of the year, but new production set to come on mid-year will weigh on prices despite the earlier boost in demand. A narrowing spread between soy oil and palm oil prices could mean that cheaper soy will instead […]

December 31, 2013 More