B10 biodiesel mandate deferred to avoid burdening the public


PUTRAJAYA, 15 Nov -- Menteri Perusahaan Perladangan dan Komoditi Datuk Seri Mah Siew Keong ketika sidang media pada Program Semarak Integriti hari ini. --fotoBERNAMA (2016) HAK CIPTA TERPELIHARA

KUALA LUMPUR: The Government is deferring the implementation of the biodiesel mandate for B10 in transportation sector and B7 in industrial sector.

In a three-paragraph statement, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the Government had wanted to strengthen the implementation of the Biodiesel Program by increasing the blend for transportation sector to B10 and the B7 for the industrial sector.

(B10 is a mixture of 10% palm biodiesel with 90% petroleum diesel, while B7 is a blend of 7% palm biodiesel with 93% petroleum diesel.)

“After a thorough study, taking into consideration the difference between crude palm oil (CPO) and diesel prices at current volatile market, I would like to announce that the implementation of biodiesel mandate... will be deferred to a later date,” he said.

“Although significant effort has been put into for its implementation, the Government is committed to ensure that there is no burden of extra cost to the rakyat at this time.”

The implementation of the B10 programme, aimed at reducing dependence on petroleum diesel, has been delayed several times. It was widely expected to be implemented by end of this year.

Both the B10 and B7 mandates, it was reported, were expected to contribute an annual consumption of 709,000 tonnes of crude palm oil in Malaysia.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Asian FX subdued after mixed US data; equities set for weekly gains
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
Country Garden plans to present debt revamp plan in second half, sources say
Oil prices on track to snap two-week losing streak
MAA Group sells entire 58% stake in Turiya for RM52.86mil
Majuperak, Shizen to explore solar photovoltaic development in Perak
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
Spritzer clarifies mistaken identity in insider trading report
Berjaya Corp denies involvement in Forest City Casino talks

Others Also Read