Latest news with #B30
The Star
4 days ago
- Business
- The Star
HELP FOR SMALLHOLDERS
Towards cleaner fuel: Johari launching SD Guthrie's B30 biodiesel pilot project in Carey Island. Also present are Nik Norzrul (left) and SD Guthrie's group managing director Datuk Mohamad Helmy Othman Basha (fourth from right). Ministry to step in as high costs stall land conversion for 50,000 BANTING: Some 50,000 smallholders have yet to convert their land status from rubber to oil palm plantations because of the high costs involved, says Datuk Seri Johari Abdul Ghani. The Plantation and Commodities Minister said his ministry was currently discussing with state governments to help the smallholders convert the status of their lands. 'I want state governments to re-evaluate some of the land planted with oil palm, which is still classified as rubber plantation land,' Johari told reporters after launching SD Guthrie Bhd's B30 biodiesel pilot project in Carey Island yesterday. Johari said it was crucial to aptly convert the land status according to what was being cultivated in order to obtain the Malaysian Sustainable Palm Oil (MSPO) certification in line with the European Union Deforestation Regulation standards. 'The smallholders have to pay the state governments a premium sometimes ranging from RM30,000 to RM40,000 and this does not include penalties for the delay in converting the land status,' Johari explained. One for the album: Johari (fourth from right) taking a group photo with Nik Norzrul (fourth from left) and SD Guthrie's group managing director Datuk Mohamad Helmy Othman Basha (third from left) after the launch of SD Guthrie's B30 biodiesel pilot project (below) in Carey Island. — KK SHAM/The Star In order to help the smallholders to overcome the stumbling block, Johari said negotiations would be held with the state governments involved seeking financial solutions as well as possible penalty waivers. 'Perhaps I can negotiate a waiver of the penalty charges given that the palm oil industry is very important,' said Johari, adding that a list was being compiled to identify smallholders who have yet to convert their land status. On another matter, Johari, who is also acting Natural Resources and Environmental Sustainability Minister, said amendments were being made to the National Climate Change Bill. 'It is still in draft form and I have not brought it to the Cabinet yet,' he said, adding that it is expected to be tabled in Parliament this year. According to Johari, the Bill will include every aspect of climate change. Johari said the proposed Bill will include incentives for companies that complied with climate change efforts. 'Companies will receive incentives such as carbon credits if they can prove that they are able to reduce carbon emissions,' the minister added. He said there will also be legally binding provisions in the Bill to boost encouragement among public listed companies to actively partake in efforts to attain net-zero carbon emissions by 2050. On the pilot project, Johari said it was an important move towards achieving the nation's commitment towards the global sustainability agenda. 'I welcome SD Guthrie's initiative that is part of the country's commitment to initiate sustainable energy use and the carbon reduction agenda of achieving net-zero emission by 2050,' reiterated Johari. He said biodiesel usage would reduce dependence on fossil fuels and empower smallholders. Meanwhile, SD Guthrie Bhd chairman Tan Sri Nik Norzrul Thani Nik Hassan Thani said the B30 biodiesel project was not merely the conglomerate's effort to make a switch to cleaner fuel. 'It is part of a larger Guthrie carbon reduction plan in line with the commitment to achieve net-zero goals by 2050,'' said Nik Norzrul in his speech. He added Guthrie was the very first palm oil company globally to receive the 'net-zero' target validation from the Science Based Targets initiative (SBTi) which was a significant achievement in tandem with the company's efforts. 'Hence, the launch of the B30 pilot project is reflective of our strong commitment towards contributing solutions for the climate change problems affecting the world,'' he said.
The Sun
4 days ago
- Automotive
- The Sun
Malaysia explores biodiesel expansion for sustainable fuel
BANTING: The government is actively exploring ways to expand biodiesel usage nationwide as part of its push for cleaner and more sustainable fuel alternatives, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. He noted that while Malaysia's biodiesel program has been in place since 2011, progress towards higher blends like B20 has been slow due to financial and logistical hurdles. 'In 2019, we mandated B7 for industries and B10 for logistics, but moving to B20 requires RM580 million in capital expenditure. We are studying the financial impact and subsidy mechanisms before implementation,' he explained during the launch of the B30 biodiesel pilot project at Guthrie's Golden Hope Academy in Carey Island. The B30 initiative, led by SD Guthrie Bhd, involves switching all plantation machinery and company diesel vehicles to a 30 per cent palm biodiesel blend. This fuel reduces greenhouse gas emissions by up to 23 per cent per litre compared to conventional diesel. Johari emphasised that wider biodiesel adoption could influence palm oil prices but declined to comment on potential fuel subsidy adjustments, stating it was premature to disclose details. 'The environmental advantages are clear. Palm biodiesel cuts emissions and is sulphur-free, making it a greener alternative,' he added. The government continues to assess the economic and infrastructural feasibility of scaling up biodiesel usage across industries. - Bernama
New Straits Times
4 days ago
- Business
- New Straits Times
Govt in talks to ease oil palm land conversion for smallholders
BANTING: The Plantation and Commodities Ministry is in talks with state governments to help smallholder farmers convert the land status of their plots from rubber to palm oil cultivation, enabling them to qualify for Malaysian Sustainable Palm Oil (MSPO) certification. Minister Datuk Seri Johari Abdul Ghani said one of the key prerequisites for MSPO certification, particularly in meeting European Union Deforestation Regulation standards, is having a legitimate land title that reflects the actual crop being cultivated. "If the land is planted with palm oil, the title must indicate it as palm oil land," he told reporters at the launch of SD Guthrie Bhd's B30 biodiesel pilot project in Carey Island here today. "However, in many cases, smallholders are farming palm oil on land officially titled for rubber, which complicates the certification process," he said. He noted that the cost of converting land titles, including premiums and penalties, can be prohibitively high, often between RM30,000 and RM40,000, making it unaffordable for many smallholders. "This is the challenge. Some cannot afford the premium, and when penalties for late conversion are included, the burden becomes even heavier," Johari added. The ministry estimates that around 50,000 smallholders may be affected by these mismatched titles. To address this, Johari said a comprehensive list of affected farmers is being compiled, with the aim of negotiating financial solutions or possible penalty waivers with state governments.
Yahoo
5 days ago
- Business
- Yahoo
Major analyst revamps Nvidia stock price target after China surprise
Major analyst revamps Nvidia stock price target after China surprise originally appeared on TheStreet. Chip giant Nvidia () continues writing new chapters in the AI playbook. A smashing success thus far, 2025 has been marked by blockbuster earnings and historic market cap highs. 💵💰💰💵 Yet, there were a few moments when the momentum seemed to slip, as if something major had stalled. However, a seismic breakthrough may have repositioned Nvidia to be the center of AI and the one defining its future. Nvidia: A $4 trillion juggernaut fueled by AI demand Nvidia's performance in 2025 has been nothing short of historic. It started off the year with fireworks, as its fiscal Q4 results in February blew past expectations. Revenue surged to $39.3 billion, a massive quarter that helped erase the sting of the Deep Seek-led $600 billion market cap drop in January. Its Q1 earnings print was perhaps even more posted $44.1 billion in sales for the quarter ending April 27, up a superb 69% year-over-year. Data center sales skyrocketed 73% to $39.1 billion, fueled by relentless demand for generative AI. Wall Street didn't hesitate, either. The stock's up over 22% year-to-date, having surpassed the $4 trillion market cap (the first company to do so). A huge part of what's driving its fundamentals and stock is Blackwell. Nvidia's new Blackwell AI chips have taken the data center business by storm, now accounting for roughly 50% of total sales. Their performance edge, along with Nvidia's robust CUDA ecosystem, has made Nvidia a no-brainer for enterprise and hyperscale AI customers. Needham lifts Nvidia stock forecast to $200 as China sales path reopens Needham is the latest Wall Street giant to crank up Nvidia's price target, and the jump is big. The firm bumped its price target to $200 from $160, while maintaining a buy rating, following Nvidia's confirmation that it's gearing up to resume H20 chip sales to China. U.S. government assurances that export licenses for those chips will be granted have cleared the path for Nvidia to restart a sales channel — worth billions — that's been locked for months.N. Quinn Bolton and his team note that the April export controls led to $2.5 billion in H20 product being impacted for Q1 fiscal 2026. Also, the restrictions froze an additional $8 billion worth of orders lined up for Q2. That sales freeze in particular hit the hardest, since the H20 was designed specifically to comply with earlier restrictions. Now, Needham expects a rebound. The firm is modeling a whopping $3 billion in H20 shipments per quarter beginning in Q3 (October), stretching over multiple quarters. It also flagged a much deeper product push that could underscore the company's China comeback. Nvidia is looking to build localized variants of its Blackwell GPUs like the B30, B40, and RTX 6000D, with shipments expected to begin early in August or September. These chips will be export-compliant and tailor-made for customers navigating the geopolitical climate. More Tech Stock News: Cathie Wood drops bold message on Apple, Tesla stock Unsung AI stock pops after joining S&P 500 Wall Street giant shares bold message on S&P 500's Magnificent 7 For Nvidia, it couldn't come at a better time. Following months of geopolitical whiplash, a clear path back into the China AI market could help Nvidia regain sales, solidify its footprint, and reestablish momentum in the region. Dan Ives and Gene Munster turn up the volume on Nvidia Wall Street's tech bulls are also singing the praises of Nvidia's China pivot. Wedbush's Dan Ives hails the H20 sales reset as a 'watershed moment' and a 'monster win' for CEO Jensen Huang after his meeting with President Donald Trump. Ives calls this a high-stakes poker move in the U.S.-China tech race, helping Washington retain leverage in the AI arms race. The firm expects Street estimates to 'go up meaningfully' as China reopens, considering the market contributes 15% of Nvidia's revenue. Gene Munster of Deepwater Asset Management is perhaps even more aggressive. He feels the update should add a hefty 10% to Nvidia's consensus sales estimates over the next four quarters. Also, Nvidia's growth could hit 35% or more for its current fiscal year. In short, Munster believes the market is underestimating how early we're placed in the investment cycle. China's demand for H20 chips shows that this boom still has legs. Investors seem to agree, with Nvidia stock popping 4% on the news. But if Munster and Ives are right, this rally might just be the warm-up analyst revamps Nvidia stock price target after China surprise first appeared on TheStreet on Jul 17, 2025 This story was originally reported by TheStreet on Jul 17, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Miami Herald
6 days ago
- Business
- Miami Herald
Major analyst revamps Nvidia stock price target after China surprise
Chip giant Nvidia (NVDA) continues writing new chapters in the AI playbook. A smashing success thus far, 2025 has been marked by blockbuster earnings and historic market cap highs. Don't miss the move: Subscribe to TheStreet's free daily newsletter Yet, there were a few moments when the momentum seemed to slip, as if something major had stalled. However, a seismic breakthrough may have repositioned Nvidia to be the center of AI and the one defining its future. Nvidia's performance in 2025 has been nothing short of historic. It started off the year with fireworks, as its fiscal Q4 results in February blew past expectations. Revenue surged to $39.3 billion, a massive quarter that helped erase the sting of the Deep Seek-led $600 billion market cap drop in January. Its Q1 earnings print was perhaps even more impressive. Related: Nvidia CEO hits Warren Buffett milestone Nvidia posted $44.1 billion in sales for the quarter ending April 27, up a superb 69% year-over-year. Data center sales skyrocketed 73% to $39.1 billion, fueled by relentless demand for generative AI. Wall Street didn't hesitate, either. The stock's up over 22% year-to-date, having surpassed the $4 trillion market cap (the first company to do so). A huge part of what's driving its fundamentals and stock is Blackwell. Nvidia's new Blackwell AI chips have taken the data center business by storm, now accounting for roughly 50% of total sales. Their performance edge, along with Nvidia's robust CUDA ecosystem, has made Nvidia a no-brainer for enterprise and hyperscale AI customers. Needham is the latest Wall Street giant to crank up Nvidia's price target, and the jump is big. The firm bumped its price target to $200 from $160, while maintaining a buy rating, following Nvidia's confirmation that it's gearing up to resume H20 chip sales to China. U.S. government assurances that export licenses for those chips will be granted have cleared the path for Nvidia to restart a sales channel - worth billions - that's been locked for months. Related: Google Brain founder has an unexpected one-word message on AI N. Quinn Bolton and his team note that the April export controls led to $2.5 billion in H20 product being impacted for Q1 fiscal 2026. Also, the restrictions froze an additional $8 billion worth of orders lined up for Q2. That sales freeze in particular hit the hardest, since the H20 was designed specifically to comply with earlier restrictions. Now, Needham expects a rebound. The firm is modeling a whopping $3 billion in H20 shipments per quarter beginning in Q3 (October), stretching over multiple quarters. It also flagged a much deeper product push that could underscore the company's China comeback. Nvidia is looking to build localized variants of its Blackwell GPUs like the B30, B40, and RTX 6000D, with shipments expected to begin early in August or September. These chips will be export-compliant and tailor-made for customers navigating the geopolitical climate. More Tech Stock News: Cathie Wood drops bold message on Apple, Tesla stockUnsung AI stock pops after joining S&P 500Wall Street giant shares bold message on S&P 500's Magnificent 7 For Nvidia, it couldn't come at a better time. Following months of geopolitical whiplash, a clear path back into the China AI market could help Nvidia regain sales, solidify its footprint, and reestablish momentum in the region. Wall Street's tech bulls are also singing the praises of Nvidia's China pivot. Wedbush's Dan Ives hails the H20 sales reset as a "watershed moment" and a "monster win" for CEO Jensen Huang after his meeting with President Donald Trump. Ives calls this a high-stakes poker move in the U.S.-China tech race, helping Washington retain leverage in the AI arms race. The firm expects Street estimates to "go up meaningfully" as China reopens, considering the market contributes 15% of Nvidia's revenue. Gene Munster of Deepwater Asset Management is perhaps even more aggressive. He feels the update should add a hefty 10% to Nvidia's consensus sales estimates over the next four quarters. Also, Nvidia's growth could hit 35% or more for its current fiscal year. In short, Munster believes the market is underestimating how early we're placed in the investment cycle. China's demand for H20 chips shows that this boom still has legs. Investors seem to agree, with Nvidia stock popping 4% on the news. But if Munster and Ives are right, this rally might just be the warm-up act. Related: Apple's quiet shake-up could redefine its future The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
