FGVB to ramp up production and exports of palm-based biodiesel

KUALA LUMPUR: FGV Biotechnologies Sdn Bhd (FGVB), one of Malaysia’s largest palm-based biodiesel producers, is looking at ramping up its production and boosting exports to the EU, China, the United States and South-East Asia.

FGVB, a subsidiary of agri-business conglomerate Felda Global Ventures Holdings Bhd (FGV), currently owns one palm methyl ester (PME) biodiesel plant in Kuantan, Pahang and is in the process of finalising the purchase of another plant next to the existing plant.