No significant impact from US on Malaysian biodiesel exports

PETALING JAYA: Malaysia’s palm-based biodiesel exports to the United States will not be “significantly” affected by the latter’s Environmental Protection Agency proposed 2014 Renewable Fuels Standard 2, which is aimed at reducing the annual volume of renewable fuel in the country, say industry observers.

Last year, local biodiesel exports surged to about 161,192 tonnes from just 28,983 tonnes in 2012, thanks to the narrowing premium of the crude palm oil (CPO) price over the crude oil price.