In Malaysia, Reuters reports the country’s biodiesel exports are expected to fall to their lowest in five years in 2022 due to the European Union’s phasing out of palm oil-based biofuels at just 250,000 metric tons. Exports last year were 300,000 tons. With the European Commission expecting biofuel use to fall by 2031, the situation […]
In Malaysia, Malaysia Airlines operated its inaugural flight using sustainable aviation fuel in partnership with PETRONAS Dagangan Berhad (PDB) and Neste. The flight marks Malaysia Airlines’ commitment to make SAF the cleaner and more viable energy option for regular flights by 2025. The historic flight MH7979 utilizing the Airbus 330-200 aircraft departed Amsterdam Airport Schiphol […]
In Malaysia, the Board of Directors of Benalec announced that Pengerang Maritime Industries Sdn Bhd, a wholly-owned subsidiary of Benalec Sdn Bhd, which in turn is wholly-owned by Benalec had on December 13, 2021 entered into a Memorandum of Understanding with Shanxi Construction Investment Group Co. Ltd., Malaysian Palm Oil Board and Institute of Coal […]
In Malaysia, the Board of Directors of CB Industrial announced that the Company and TPG Oil & Gas Sdn. Bhd., the wholly owned subsidiary, had on December 9, 2021 entered into an Agreement for the sale and purchase of shares with Kaashi Visweshwara Minerals Pvt. Ltd. for the disposal of 63,670,000 ordinary shares and 6,330,000 […]
In Malaysia, Reuters reports that even though palm oil stocks have been tightening in recent months, exports during the first 10 days of October fell by 7.5%, below expected levels, which in turn weighed on prices this week. The front month October delivery contract fell to $1,173.18 per metric ton, down nearly 1.3% at midday […]
In Malaysia, the Edge Markets reports the government still plans to complete its B20 rollout, now hoping to do so by end-2022. Upgrades for biodiesel blending infrastructure remains a major hurdle to the mandate’s implementation, according to the plantations minister, who puts the blame on COVID-19 impacting the availability of technical staff to get the […]
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’ […]
