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KUALA LUMPUR: The vision to mobilise maximum utilisation of oil palm biomass to generate an additional RM30bil in income for Malaysia by 2020 needs to be fully industry-driven and well-supported by the capabilities and incentives from the Government.
OIL palm biomass waste is fast turning into a highly-prized commodity in Malaysia. What more with the National Biomass Strategy 2020 targeting at wealth creation for the palm oil industry recently officiated by Prime Minister Datuk Seri Najib Tun Razak
KUALA LUMPUR: Malaysia must identify and invest in its specific role and leadership position in sustainable oil palm production to utilise the commodity through innovation and generate new wealth for the economy, a professor from a renowned Dutch technical research university said.
PETALING JAYA: Hopes are riding high among the palm oil and agriculture-related industry players to see the upcoming Budget 2011 allocate more tax incentives and subsidies in ensuring the two sectors are able to meet particularly the targets set under the Government's Economic Transformation Programme (ETP) by 2020.
KUALA LUMPUR: Premium Renewable Energy (Malaysia) Sdn Bhd plans to set up a bio-oil plant costing US$40mil (RM124mil) near Lahad Datu, Sabah, and will consider building another 14 plants by 2015.