Latest news with #MalaysianPalmOilBoard
Reuters
5 days ago
- Business
- Reuters
Malaysia expands biodiesel usage of B10 to B20 on ground transport vehicles at main airport
KUALA LUMPUR, May 29 (Reuters) - Malaysia is expanding its biodiesel usage to ground transport vehicles at its main international airport as part of efforts to achieve net-zero carbon emissions by 2050, the commodities minister said on Thursday. Malaysia will increase the biodiesel blend from B10, a mixture of 10% palm-based biodiesel, to B20, for ground transport vehicles, Plantation and Commodities Minister Johari Abdul Ghani told a press conference after the launch of the biodiesel pilot project. Malaysia currently imposes a 10% biodiesel mandate nationwide, though a 20% biodiesel mandate is implemented in Labuan and Langkawi as well as the state of Sarawak, except Bintulu. Indonesia, the world's top palm oil producer, has launched the mandatory B40 biodiesel programme and is considering expansion to B50. 'If this pilot project succeeds, we will roll it out (to other sectors) as this is one of the country's initiatives and our commitment to achieve net-zero carbon emissions by 2050,' he said, without providing a timeline for the project's duration. Malaysian Palm Oil Board chairman Mohamad Helmy Othman Basha said similar pilot projects were also being implemented at several major ports such as in North Port Klang, Tanjung Pelepas Port, Johor Port, and Kuching Port. The usage of palm biodiesel, Mohamad Helmy said, would not only reduce dependence on fossil fuels but also empower small palm oil farmers and local communities involved in the industry. "This is proof that sustainable development and the economy can go hand in hand, benefiting both the people and the environment simultaneously," he said at the launch.
New Straits Times
5 days ago
- Business
- New Straits Times
Malaysia rolls out B20 biodiesel at KLIA in push for sustainable aviation
SEPANG: The rollout of B20 palm-based biodiesel for ground service equipment (GSE) would position Malaysia as a responsible and forward-thinking player in the global palm oil industry, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani. He said the initiative would also reinforce Malaysia's standing as the world's second-largest palm oil producer, while showcasing its commitment to sustainable development. This follows the launch of an 18-month pilot project by the Malaysian Palm Oil Board (MPOB) to evaluate the use of B20 palm-based biodiesel in GSE at Kuala Lumpur International Airport (KLIA). The project is a joint effort between MPOB, Petronas Dagangan Bhd, Malaysia Airports Holdings Bhd and Teras Kembang Sdn Bhd, which oversees the fuel station supplying B20 biodiesel to ground service vehicle operators at KLIA. Johari said the launch signifies more than just a new initiative. It reflects a firm commitment to achieving net-zero carbon emissions and advancing a sustainable aviation industry. "This marks a historic moment, as it is the first time palm biodiesel B20 is being introduced for airport ground services or industrial sectors in Malaysia," he said in his speech. He stated that the National Biodiesel Programme has been in commercial operation since 2011, starting with the B5 Programme and later expanding in stages to include B7 within the transport sector. "The B10 Programme was made mandatory for the transport sector on Feb 1, 2019, and the B7 Programme for the industrial sector on July 1, 2019. "The B20 Programme for the transport sector was launched in January 2020 in locations such as Langkawi, Labuan, and Sarawak (excluding Bintulu)," he added. Johari said this reflects the country's ongoing dedication to advancing sustainable biofuels through multiple initiatives. He also noted that biodiesel usage has shown substantial environmental benefits, with studies indicating it can cut greenhouse gas (GHG) emissions by as much as 75 per cent compared to traditional diesel, thereby supporting both economic growth and environmental preservation. He said on a global scale, the International Civil Aviation Organization (ICAO) has established a target for international airlines to achieve carbon-neutral growth by the year 2050. "The use of biofuels for vehicles and ground service equipment at airports is counted as a step towards reducing carbon emissions in the aviation sector in line with ICAO's aspirations. "In this context, the pilot project launched today plays an important role in the use of B20 biodiesel for vehicles and ground service machinery at KLIA. "Earlier, I officiated the launch of B20 usage at the Petronas KLIA 4 Station, which has been selected as the designated station for this pilot project. "I hope this collaborative effort will serve as a model for other airports in Malaysia to also adopt B20 in their operations," Johari added. In a statement, the ministry stated that five GSE companies have shown interest in joining the pilot project, with an estimated monthly usage of 40,000 litres of green B20 biodiesel. Additionally, the ministry has set a goal to implement B30 palm biodiesel in the transportation sector by 2030, an objective that also serves as a key performance indicator under the National Agricommodity Policy 2021–2030.
Business Recorder
27-05-2025
- Business
- Business Recorder
Palm edge higher despite expectations of higher output, stock levels
KUALA LUMPUR: Malaysian palm oil futures ended higher after reversing earlier losses on Tuesday, despite the anticipation of higher output and inventories. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 35 ringgit, or 0.91%, to 3,868 ringgit ($913.34) a metric ton at the close. The contract has risen for three consecutive sessions. Prices are weaker due to the anticipation of increased stocks while production is expected to be as high as last month, a Kuala Lumpur-based trader said. 'With the current export figures and the possibility of stocks rising, buyers are looking at lower prices. Chicago soyoil is also dropping from high levels, while Dalian is not showing any signs of strength,' the trader added. The Malaysian Palm Oil Board is expected to release its monthly supply and demand data on June 10. Cargo surveyors estimate that exports of Malaysian palm oil products during May 1-25 rose between 7.3% and 11.6%, compared with the same period a month ago. Malaysian palm oil futures range-bound on weaker soyoil Dalian's most active soyoil contract rose 0.21%, while its palm oil contract gained 0.8%. Soyoil prices on the Chicago Board of Trade climbed 1.01%. Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market. Oil prices were little changed as easing trade war concerns offset expectations OPEC+ will decide to increase their output at a meeting later this week. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, weakened 0.47% against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies.
New Straits Times
25-05-2025
- Business
- New Straits Times
Malaysia, China ink deal to boost palm oil supply chain in western China
KUALA LUMPUR: Malaysia and China have signed a strategic agreement to develop a palm oil supply chain in western China, expanding green industry cooperation between the two countries. The memorandum of understanding between the Malaysian Palm Oil Board and China's New Land-Sea Corridor Operation Co Ltd will fast-track logistics and trade via the Qinzhou Port-Chongqing route. The corridor links Malaysia to inland provinces such as Sichuan, Guizhou and Shaanxi. Plantation and Commodities Deputy Minister Datuk Chan Foong Hin said the pact supports a more sustainable and efficient palm oil network. "Malaysia is eager to leverage its Malaysian Sustainable Palm Oil certification, one of the world's highest sustainability standards, to deepen institutional linkages with China in areas such as carbon labelling, biofuels and green materials," he said in a statement. Chan led the Malaysian delegation to the China-Malaysia Industry Cooperation Dialogue, held on the sidelines of the 7th Western China International Fair for Investment and Trade. The event brought together over 40 firms from the food processing, personal care and oil refining sectors for targeted business discussions. The focus was on boosting industrial uses of palm oil in the Sichuan-Chongqing region. Malaysia is also collaborating with Chongqing Jiaotong University to develop palm oil-based polyurethane acrylate for anticorrosive coatings. The effort is part of a broader push to expand palm-derived chemicals in China's industrial applications. Other initiatives include promoting high-value palm products such as red palm oil, palm stearin and palm-based ice cream powder. Joint research and development projects are underway with Chinese firms to incorporate these derivatives into hotpot soup bases, snacks and sustainable personal care goods.
Borneo Post
25-05-2025
- Business
- Borneo Post
Deputy Minister: Malaysia promotes high-value palm derivatives in global markets
Chan (third left) and others at a pre-council meeting ahead of the China (Chongqing)-Malaysia Industry Cooperation Dialogue. KUCHING (May 25): Malaysia is promoting high-value palm derivatives such as red palm oil, palm stearin and palm-based ice cream powder in the global markets, said Datuk Chan Foong Hin. The Deputy Minister of Plantation and Commodities said joint research and development (R&D) initiatives are underway with food companies in Sichuan and Chongqing, targeting applications in hotpot soup bases, spicy snacks and sustainable personal care products. 'As China pursues its vision of a shared future for mankind, Malaysia is proud to work alongside it—using palm oil as a bridge to promote regional green growth and sustainable development,' he said in a statement today. The statement was issued following the China (Chongqing)-Malaysia Industry Cooperation Dialogue, which was successfully held in Chongqing last Thursday, with a strong focus on expanding collaboration in palm oil trade, technological innovation and the development of sustainable supply chains. The dialogue was a highlight of the 7th Western China International Fair for Investment and Trade (WCIFIT), reaffirming Chongqing's strategic role within the Malaysia-China green value chain. Over 40 representatives from leading enterprises in food processing, condiments, personal care and oil refining industries attended the event for targeted business matching and dialogue. In his keynote address, Chan emphasised the growing global momentum toward green development, highlighting palm oil's potential as a critical bridge for regional cooperation. According to him, Malaysia is eager to leverage its Malaysian Sustainable Palm Oil (MSPO) certification—one of the world's highest sustainability standards—to strengthen institutional linkages with China in areas such as carbon labelling, biofuels and green materials. 'Together, we can build a supply network that is not only efficient and innovative but also environmentally responsible.' Chan noted the vast market potential in western China, with Chongqing acting as a central hub in the New International Land-Sea Trade Corridor. He explained that this logistical advantage allows Malaysian palm oil to efficiently reach inland provinces such as Sichuan, Guizhou and Shaanxi via the Qinzhou Port-Chongqing route. Chan announced that Malaysian Palm Oil Board (MPOB) and New Land-Sea Corridor Operation Co Ltd had signed a memorandum of understanding (MoU) to accelerate the development of a strategic palm oil supply chain covering western China. In addition, Malaysia is collaborating with Chongqing Jiaotong University to develop palm oil-based polyurethane acrylate for anticorrosive coating—broadening the scope of palm-based chemicals in China's industrial sector, he said. The dialogue concluded with a high-level roundtable on 'The Future of China's Palm Oil Industry Amid Global Oils and Fats Trends', moderated by Zhou Shiyong, president of Beijing Heyirong Co Ltd, featuring robust discussion on trade trends, sustainability certification, technological innovation and policy frameworks. This successful industry dialogue not only strengthened Malaysia-China collaboration across the palm oil value chain but also injected fresh momentum into building a green, efficient and mutually beneficial regional supply network—marking a new chapter in bilateral economic cooperation, the statement added. Chan Foong Hin China high-value palm derivatives lead
