Tag: Malaysia

FGV looking at oil palm residues for renewable energy as key to post-pandemic recovery

FGV looking at oil palm residues for renewable energy as key to post-pandemic recovery

May 21, 2020 |

In Malaysia, the New Straits Times reports FGV is looking at how renewable energy such as biogas from oil palm waste for power production can help its post-COVID-19 recovery. Power produced from biogas via gensets would then be supplied to the national grid. Increased export of palm kernel shells for use as biomass to produce […]

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FGV sees COVID-19 significantly impacting palm oil production this year

FGV sees COVID-19 significantly impacting palm oil production this year

April 28, 2020 |

In Malaysia, the Star newspaper reports that FGV sees palm oil production dropping significantly due to impacts from COVID-19. The national movement control order has been in effect since March 18 which has kept farm workers from harvesting the oil palms. Customers and businesses have also been effected by the order which will have further […]

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Analysts say Malaysian palm oil industry to be hit hard in 2021 by B20 roll out freeze

Analysts say Malaysian palm oil industry to be hit hard in 2021 by B20 roll out freeze

April 20, 2020 |

In Malaysia, the Sun newspaper reports that CGS CIMB Research says suspending the roll out of the 20% biodiesel blending mandate as announced last week will likely have significant impacts on the palm oil industry next year when the loss in demand will be most strongly felt. With demand for B20 in transport and B7 […]

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Malaysia decides to halt roll out of B20 mandate due to COVID-19

Malaysia decides to halt roll out of B20 mandate due to COVID-19

April 16, 2020 |

In Malaysia, the Today newspaper reports that the national biodiesel association says the government is going to hold off on further implementation of the B20 mandate that was launched in January in some regions and was expected to be nationwide by mid-June 2021. Malaysia has been one of the hardest hit by COVID-19 pandemic in […]

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Malaysian palm oil prices fall pressured by stocks as exports slide

Malaysian palm oil prices fall pressured by stocks as exports slide

April 16, 2020 |

In Malaysia, Reuters reported palm oil futures fell nearly 3%, weighed down by domestic stocks and falling export demand as the world shuts down to battle COVID-19. The government has decided to postpone the roll out of its B20 blending mandate as well, which will further add to stocks and put more pressure on prices. […]

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Malaysian palm oil prices fall to five-year low on poor Indian demand and falling petroleum prices

Malaysian palm oil prices fall to five-year low on poor Indian demand and falling petroleum prices

March 19, 2020 |

In Malaysia, Bloomberg reports that Malaysian palm oil prices have hit a five-month low as the country fails to find another buyer to absorb the demand gap left by India following a political spat over India’s treatment of Kashmir. With petroleum prices falling to an 18-year low on Wednesday, palm oil’s use as a biofuel […]

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Malaysia exempts palm oil industry from partial lockdown due to national importance

Malaysia exempts palm oil industry from partial lockdown due to national importance

March 18, 2020 |

In Malaysia, Platts reports that the government says the palm oil industry can continue to operate despite a partial lockdown national due to the national importance of palm oil for cooking and biodiesel. At first, only refineries, biodiesel producers and cooking oil producers were thought to be exempt, which would have prompted plantations to stop […]

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Malaysia to cut CPO export tax to 5% in April following lower prices in Q1

Malaysia to cut CPO export tax to 5% in April following lower prices in Q1

March 16, 2020 |

In Malaysia, Platts reports that on the back of lower palm oil demand from India which has pushed down prices during the first quarter, the government will cut the export duty on crude palm oil exports to 5% in April from 6% currently after palm oil prices fell through the current reference price band. Coronavirus […]

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COVID-19 expected to pressure Malaysian palm oil prices

COVID-19 expected to pressure Malaysian palm oil prices

March 11, 2020 |

In Malaysia, the Borneo Post reports that the COVID-19 virus is expected to pressure palm oil prices due to logistical challenges and a slowdown in overall business activity. Falling demand from China as a result, as well as Europe’s ongoing pressure against unsustainable palm oil supplies, won’t be sufficiently offset by an uptick in demand […]

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Genting Plantations takes back 25% stake in biodiesel JV from Elevance Renewable Sciences

Genting Plantations takes back 25% stake in biodiesel JV from Elevance Renewable Sciences

February 12, 2020 |

In Malaysia, the Star newspaper reports that Elevance Renewable Sciences is undergoing restructuring and as a result its JV partner in a 200,000 ton biodiesel facility in Sabah, Genting Plantations, is taking back the 25% equity stake it sold the US-based technology company because it can no longer contribute equity to the project. Elevance will […]

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