Malaysia in talks with several partners to produce palm oil-based biojet fuel

The government has allocated funds in its 2020 budget to study the use of palm oil-based bio-jet fuel.

KUALA LUMPUR (Reuters) - Malaysia aims to start producing palm oil-based biojet fuel within five years and is in talks with several potential partners about setting up a plant, the head of the industry's marketing board said on Wednesday.

Malaysia, the world's second biggest producer of palm oil, is looking for new markets to boost demand for the vegetable oil, widely used in everything from soap to lipstick to snack foods.