Malaysia to produce hydrotreated vegetable oil, SAF with JV with Chinese firms
In Malaysia, The Star reported that the country’s Primer Minister Ismail Sabri Yaakob noted that Malaysia will soon produce its own hydrotreated vegetable oil (HVO) and sustainable aviation fuel following a joint venture cooperation between local companies and Chinese government-owned firms.
“For palm products, companies owned by the Chinese government will collaborate with local Malaysian companies as well as the Malaysian Palm Oil Board (MPOB) to produce hydrotreated vegetable oil (HVO) and sustainable aviation fuel in Malaysia,” The Star quoted the official as saying.
The minister also highlighted that the joint venture was expected to generate over 1,000 working opportunities.
“The establishment of the first HVO and SAF factories will be among the main initiatives to drive the country’s palm oil sector towards a high technology and value-added industry,” he said.
According to the report, the Chinese firms that would be part of the JV are Shanxi Construction Investment Group Co Ltd (SCIG) and the Institute of Coal Chemistry, Chinese Academy of Sciences (ICC-CAS), while the Malaysian firms will be Pengerang Maritime Industries and Sabah Oil and Gas Development Corporation.
Category: Policy
