In Malaysia, Reuters reports palm oil prices continue to climb higher to $981 per metric ton, supported by a tight market and a weakening Malaysian ringgit. But with OPEC+ countries agreeing to increase oil production, prices didn’t go as high as they would have otherwise. With COVID-19 again surging around Southeast Asia, it’s difficult to […]
In Malaysia, the Star newspaper reports that after several false starts, the government now believes the B20 mandate will be completely implemented nationwide by the end of 2022. The most recent attempt to implement the mandate was put on hold indefinitely with the government putting the blame on COVID-19 impacts but others felt it had […]
In Malaysia, The Edge Markets reports that the government has decided to delay yet again implementation of the B20 blending mandate in both Sabah and on the peninsula, this time without a new target date. The impacts of COVID-19 and the increase in cases was reported as the reason for the decision for further delays […]
In Malaysia, The Edge Markets reports the Malaysian Palm Oil Board the further roll out of the B20 mandate has been delayed due to the economic impact of COVID-19 and will reach Peninsular Malaysia by the end of the year. It says the situation in Malaysia is different than in Indonesia so the two countries’ […]
In Malaysia, Fintech Global announced that its wholly owned subsidiary, Eco-Sponge Sdn. Bhd. (“ECS”), had on March 23, 2021 entered into a five-year collaboration agreement with Ace Edible Oil Industries Sdn. Bhd.(“AEOI”), a wholly owned subsidiary of Green Ocean Corporation Berhad (“G Ocean”) to supply around 150,000 metric tons’ worth of biodiesel and biofuel related […]
In Malaysia, BiON reported progress on its four biogas power plants – two of which are now selling electricity to Tenaga Nasional Berhad (“TNB”), Malaysia’s largest integrated electricity company. Once fully-operational, BiON’s current portfolio of biogas power plants, which generate electricity from the biogas produced in the treatment of palm oil mill effluent (“POME”), will […]
In Malaysia, Singapore’s Today reports that palm oil prices have skyrocketed to 13-year highs at $1,007.30 per metric ton, further compounding challenges for the Malaysian and Indonesian governments who have bet heavily on palm oil biodiesel blending to lower FX and support local industries. Production has tightened due to weather challenges and the impacts of […]
In Malaysia, Scandasia reports that the Malaysian government plans to file a lawsuit against the European Union on the trade bloc’s policy to phase out palm oil-based biofuels imports to the World Trade Organisation (WTO) by 2030. “Datuk Dr. Mohd Khairuddin Aman Razali, Plantation Industries and Commodities Minister said at a press conference at the […]
In Malaysia, the Malaysia Reserve reports the government is expected to officially file its complaint against the European Union’s palm oil ban at the World Trade Organization on Friday. The decision to move forward with the complaint was approved recently by the Cabinet who has committed to fight against what it feels are discriminatory policies. […]
In Malaysia, researchers have designed a drone using fibers extracted from pineapple leaves. The project, led by Professor Mohamed Thariq Hameed Sultan at University Putra Malaysia, began in 2017 when a community project asked the school to find an outlet for the region’s abundant waste pineapple leaves. The drone components made out of pineapple leaves […]
