Tag: Malaysia

Malaysian palm oil price hit three-year low and seen heading down further

Malaysian palm oil price hit three-year low and seen heading down further

November 14, 2018 |

In Malaysia, crude palm oil prices hit their lowest since September 2015 on Monday to $444.37 in response to growing stocks—more than 6% higher in October than in September—fewer exports and rising production that was 6% higher on the month. Palm oil producers are already feeling the pinch from lower prices, and with prices expected […]

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Malaysia accused of going too slow on B10

Malaysia accused of going too slow on B10

November 5, 2018 |

In Malaysia, the government has been criticized by a Singaporean-based palm oil analyst for being late to the game with its B10 program, saying it should be more aggressive in its implementation. With palm oil prices making biodiesel cheaper than fossil-based diesel since April, he said the country is losing a major opportunity as it […]

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Subsidy savings for government with B10 mandate

Subsidy savings for government with B10 mandate

November 4, 2018 |

In Malaysia, Primary Industries Minister Teresa Kok said the government will save a significant amount of money in subsidy savings with the implementation of the B10 biodiesel mandate that goes into effect in mid-2019. The lower biodiesel price, as compared to current biodiesel price, per liter is expected to help that cost savings as the […]

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Malaysian biodiesel now cheaper than fossil-based diesel

Malaysian biodiesel now cheaper than fossil-based diesel

October 31, 2018 |

In Malaysia, the New Straits Times reports the primary industries minister says biodiesel is cheaper to use now than fossil-based diesel thanks to low palm oil prices. Though the country currently still blends just 7%, the Malaysian Palm Oil Board is working with a local municipality to trial B20 in its fleet of trucks. If […]

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European Commission experts on the ground looking at Malaysian palm oil sustainability

European Commission experts on the ground looking at Malaysian palm oil sustainability

October 18, 2018 |

In Malaysia, in response to an anti-palm oil sentiment in Europe due to real or perceived environmental challenges with the way oil palms are grown, the European Commission will hold an in-country consultation next week including four expert panels and site visits to plantations in an effort to better understand the reality on the ground. […]

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Asian UCO fueling European waste-based biofuels shift

Asian UCO fueling European waste-based biofuels shift

October 10, 2018 |

In Malaysia, Reuters reports that used cooking oil from across Southeast Asia and China is becoming a prime feedstock for European biodiesel thanks to double-counting measures that provide a premium for waste-based feedstocks. Malaysia’s FatHopes that collects, cleans and exports UCO says its trade to Europe has grown 40% in the just the past three […]

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Hope for stronger palm oil prices in Q4 relies on possibility of El Niño

Hope for stronger palm oil prices in Q4 relies on possibility of El Niño

October 9, 2018 |

In Malaysia, palm oil prices are seeking ticking upwards come the end of the year thanks to increased demand for biodiesel on the back of higher petroleum prices but also due to expected negative impacts on production from extended dry periods during key growing periods that will likely result from an upcoming El Niño. Australia’s […]

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Malaysia’s bioeconomy push sees major FDI impact

Malaysia’s bioeconomy push sees major FDI impact

October 4, 2018 |

In Malaysia, the New Straits Times reports that foreign direct investment made up two-thirds of the $1.8 billion in investment in the country’s bioeconomy between 2012 and 2017. Of those projects that come under the Bioeconomy Community Development Program, 40 have been implemented as of last month including 33 biomass power plants producing 26.4GW. This […]

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Malaysia planning B10 white paper by year’s end

Malaysia planning B10 white paper by year’s end

September 19, 2018 |

In Malaysia, the Bernama news agency reports that the industries ministry will at last put forward a white paper by the end of this year looking at the switch to B10. The country has run up against resistance from truckers and engine manufacturers who say higher blends will damage vehicles but the government is looking […]

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Croatian ambassador tells Malaysia to invest in PR if it wants to fix palm oil’s reputation

Croatian ambassador tells Malaysia to invest in PR if it wants to fix palm oil’s reputation

September 13, 2018 |

In Malaysia, Croatia’s ambassador to the country said that if Malaysia is serious about trying to change the hearts and minds of Europeans regarding the reputation of palm oil and its sustainability, then the government needs to invest in public relations in order to change the narrative. He said that blaming the EU countries for […]

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