Development of palm biodiesel industry can spur demand for CPO

“Our current B10 implementation in the transport sector is just the beginning, as we envision moving towards nationwide B20 implementation," said Fadillah. — Bernama

PUTRAJAYA: The growth of the palm biodiesel industry will stimulate local demand for crude palm oil (CPO) and empower it to set prices rather than follow market trends, says Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof.

Fadillah said the national biodiesel blending programme started in 2010 with 5% palm methyl ester (B5) and gradually rose to 20% by 2020. The implementation of the B30 programme in the country is expected to take place by 2025.