Malaysia seeks to implement B20 for transport sector in 2020


Malaysia targets to raise its biofuel mandate in the transport sector to B20 by 2020, from B10 currently, and for industrial sector to B10, from B7, according to Primary Industries minister Teresa Kok.

PUTRAJAYA: Malaysia targets to raise its biofuel mandate in the transport sector to B20 by 2020, from B10 currently, and for industrial sector to B10, from B7, according to Primary Industries minister Teresa Kok.

Higher mandates expected to use 1.3 million tonnes of crude palm oil each year, Kok said on Tuesday

Current mandate of B10 in transport sector from Feb. 1, B7 in industrial sector from July estimated to use 761,000 tonnes of palm oil annually.

Each RM100 a tonne increase in CPO price to generate additional RM2bil revenue for Malaysia, she said.

Malaysia is looking into a biodiesel stabilisation fund for biofuel prices, as well as to make biofuel more attractive for consumption, she added.

Primary Industries Ministry proposed it to cabinet and will need to discuss with other ministries including trade ministry to set up mechanism

Malaysia, Indonesia and Colombia will meet in Jakarta end-February to discuss palm oil issues especially EU’s Renewable Energy Directive which would restrict palm-biofuel, she said. - Bloomberg
 
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

AirAsia X plans to add more flights to Busan by year-end
Asian shares rise, currencies drop ahead of U.S. jobs data
Petronas set to buy Wirsol Australian renewable energy assets -sources
Chill pervades China’s tech firms even as crackdown eases
Budget 2023 to be based on updated economic events - World Bank
UEM Edgenta to explore partnerships in sustainable healthcare solutions
Malaysia's 2023 headline consumer price inflation expected to moderate - World Bank
India's Adani shares nosedive on worries about Hindenburg fallout
FBM KLCI turns red as uncertain earnings period weighs
China Jan services activity expands for first time in five months - Caixin PMI

Others Also Read