Malaysia has expressed support for Indonesia's commitment to implement the B40 biodiesel mandate in 2025, despite a recent postponement. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani highlighted the significant positive impact of the initiative on the global palm oil market, emphasizing Indonesia's leading role in biodiesel production.
Johari (centre) speaking at a press conference following the signing of a memorandum of collaboration between FGV Holdings and the Malaysian Palm Oil Board today. Malaysia backs the Indonesian government’s commitment to proceed with the B40 biodiesel mandate in 2025 despite its recent postponement.
Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said the initiative has supported the palm oil industry significantly, as domestic biodiesel consumption eases pressure on the global market. “Indonesia produces approximately 48 million metric tons of palm oil annually, and nearly 25% is utilised for biodiesel production. “Malaysia should be grateful for Indonesia’s substantial contribution to the global palm oil market,“ he told reporters at the signing of a memorandum of collaboration (MoC) between FGV Holdings Bhd and the Malaysian Palm Oil Board (MPOB) today.“Consider the implications if biodiesel were not utilised. 25% of Indonesia’s production would flood the global market, exerting downward pressure on prices. Indonesia is currently at the B40 biodiesel usage level, far ahead of Malaysia, which is still at B10,” he added. Earlier reports indicated that the Indonesian government has yet to implement the higher biodiesel blend mandate, initially planned for Jan 1. The delay is due to industry participants awaiting technical details of the new regulations, causing uncertainty among palm oil traders. Indonesia pledged to mandate a 40% palm oil-based fuel blend in biodiesel, known as B40, starting Jan 1, up from the existing 35% blend. The collaboration between MPOB and FGV aims to drive transformation by empowering smallholders whose success is fundamental to the industry’s growth and stabilit
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