Alternative Fuel
Malaysia Commits to Higher Biodiesel Blending
Malaysia, as one of the world's top palm oil producers, remains committed to expanding its nationwide B20 (20%) palm oil biodiesel blending ratio this year.
Released Thursday, March 16, 2023
Researched by Industrial Info Resources (Sugar Land, Texas)--Malaysia, as one of the world's top palm oil producers, remains committed to expanding its nationwide B20 (20%) palm oil biodiesel blending ratio this year. The B20 mandate was delayed by factors including the pandemic, the banning of palm oil by the European Union, insufficient blending facilities and political turmoil.
Increasing domestic blending mandates would support the palm oil market as biodiesel exports are predicted to reach their lowest in six years. According to the Malaysian Biodiesel Association, the country's biodiesel exports continue to dwindle from 362,000 tons in 2021 to 300,000 tons this year. The government is planning to introduce a higher blend of biodiesel (B30) by 2030.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
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