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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

CPO , palm oil , bio fuel , biojet fuel , MPOB

   

Next In Business News

Bitcoin extends downtrend, falls 12.1% to US$47,176 Premium
Perodua targets to deliver 30,000 units in December Premium
CPO futures likely to trade higher next week Premium
Georgieva says examining all IMF research processes to ensure integrity Premium
Oil steadies, paring gains as rising COVID cases spur demand worries Premium
Omicron-fuelled volatility deals hedge funds worst monthly return since March 2020 Premium
US-listed Chinese shares take a hit as Didi to exit NYSE Premium
Didi shares plunge more than 20% on plan to delist from NYSE Premium
Wall St ends lower on Omicron worries, Fed taper angst Premium
Micro impact of new variant? Premium

Others Also Read


Vouchers