News
Malaysia Still Committed To Selling Biodiesel Nationwide
Malaysia is still committed to selling biodiesel nationwide, despite delays in the plan and a high palm oil price. The government had initially set January 1 as the deadline to sell B5 biodiesel, a mixture of 5 per cent palm oil and 95 per cent diesel at all petrol stations nationwide. “WeR...
Palm Oil Windfall Tax To Stay For Now
The government said the windfall profit tax on oil palm planters will be maintained, dismissing calls for a review of the calculation of the levy. “The Cabinet has decided that the windfall tax on palm oil be maintained for now,” said Plantation Industries and Commodities Minister Tan Sr...
Dompok: Palm Oil Mills May Double As IPPs
Malaysia may consider green energy from the palm oil industry as an additional power source to reduce dependence on fossil fuels. Plantation Industries and Commodities Minister Tan Sri Bernard Dompok said the 411 palm oil mills in the country were potential independent power producers (IPPs) of gree...
Senari Biofuels To Start Ops In March
Sarawak’s first biodiesel plant will have an annual production capacity of 120,000 tonnes when it is fully operational in March. The RM80mil plant is owned and operated by Sarawak company Senari Biofuels Sdn Bhd in collaboration with Assar Senari Group. Senari Biofuels executive director Datuk Abang...
Malaysians Invited To Build Palm Oil Refineries In Kalimantan
Malaysian entreprenuers are invited to establish palm oil refineries in Central Kalimantan. Deputy Governor Ir Achmad Diran said as the province’s oil palm industry is developing rapidly, there is a need for more refineries to cater for the 1.2 million tonnes of crude palm oil produced in Pala...
CPO Futures Close Lower
CRUDE palm oil futures on Bursa Malaysia Derivatives closed lower yesterday on worries that China may reduce purchase of the commodity after implementing credit tightening measures, dealers said. They said other commodity markets were also lower after China’s central bank told Chinese banks th...
