If the biofuel price keeps going up, the palm oil content in the blend can be reduced, says Primary Industries Minister Teresa Kok.
Primary Industries Minister Teresa Kok admits that Malaysia has never implemented biofuel that seriously, unlike Indonesia.
“If the biofuel price keeps going up, we can always reduce the blend. This is one of the ways to mitigate the price change. Pricing, she said, should not be a key concern hindering players within the industrial sector from adopting the higher biodiesel blending percentage. “With the biodiesel phenomenon continuing to make a greater impact worldwide, it would be irrational for us to ignore and not capitalise on these enormous benefits.On Malaysia’s latest palm oil deal inked with China, which includes an additional RM4.56 billion worth of palm oil purchases by the world’s second-largest economy, Kok said the five-year deal, starting this year, would be a big help to local smallholders.
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