KUALA LUMPUR: Malaysia is looking to biodiesel to help boost demand for its palm oil, a top industry official said, amid intense competition with rival Indonesia to sell the commodity to India, a major edible oil consumer.
Production capacity for Malaysia's biodiesel - a blend of diesel and palm oil touted as a cheaper substitute for gasoline - is estimated to reach 5 million metric tons (5.51 million U.S. tons) by the end of 2007, said Yusof Basiron, chief executive of the Malaysian Palm Oil Council.