It’s New, it’s Neo — the neodiesel companies — brimming with technologies to create cleaner alternatives to a powerhouse fuel. They have the performance, half the carbon, and a range of low-cost feedstocks to choose from. Now, neodiesel heads for Malaysia as a JV opens up ultra low-cost feedstocks with Benefuel’s ENSEL technology. From Malaysia have […]
In Malaysia, biodiesel producers want the government to support local production the same way that Indonesian government has with recently-approved subsidies. Rather than direct subsidies like Indonesia, the Malaysian industry is instead looking for tax incentives. Fuel subsidies for gasoline and diesel were recently dropped.
In Malaysia, palm oil futures prices rose 2.5% to their highest in a week on the back of news that Indonesia will triple its subsidies to blend biodiesel. One analyst said the subsidy could mean $350 per metric ton for producers, calling the move a “game changer”. The news prompted traded futures volume to double […]
In Malaysia, palm oil prices have fallen to their lowest in five weeks as demand for biofuel drops, weighing on feedstock prices. Concerns about lower production volume due to floods have receded, and even though production is expected to be down again in February, it doesn’t compensate for the lack of demand. January exports were […]
In Malaysia, B7 will be rolled out in the eastern part of the country by the end of the month at 336 filling stations. Doing so will create demand for 138,000 metric tons of palm oil biodiesel annually, bumping total biodiesel consumption to 576,000 tons nationwide. Meanwhile, the Malaysian Palm Oil Board is conducting tests […]
In Malaysia, crude palm oil production fell in December to 1.36 million metric tons, down 22% from 1.75 million tons in November and the lowest fall seen in eight years. The cut in production is as a result of flooding in key oil palm regions, but even so the country’s palm oil marketing board doesn’t […]
VC surprise: Spruce Capital, Xeraya Capital announce first close of new $150M Biogreentech Venture Fund
As a newly-closed venture fund opens for business with a distinctly Malaysian flavor, we look at the state of venture capital and the new role of integrated sovereign investment. From California and Malaysia comes the news that Spruce Capital Partners and Xeraya Capital have announced the first close of MLS Capital Fund II, L.P. at […]
In Malaysia, floods are impacting oil palms to such a degree that palm oil production is expected to slump by up to 20% in December from 1.75 million metric tons produced in November. The floods are expected to disrupt production in January as well. Yet despite the cuts, the country’s plantation and commodities minister expects […]
In Malaysia, researchers at the Algae Research Lab in Universiti Malaya, Kuala Lumpur are working with red algae to determine its suitability as feedstock for ethanol production. The species being tested is native to South Korea. Producing ethanol from agar, a byproduct after the algae is cooked, remains very expensive, however.
In Malaysia, Verdezyne and Bio-XCell Malaysia have reached an agreement to construct Verdezyne’s first commercial-scale renewable chemicals manufacturing facility in Bio-XCell’s premier biotechnology and ecosystem park in Nusajaya, Iskandar, in southern Malaysia. The multi-faceted agreement includes the 13-year, renewable lease of a 6.9-acre site, as well as a loan of approximately $75 million from Bio-XCell. […]