Malaysian 2024 biofuel output seen rising if B20 biodiesel utilization expanded.
Malaysia’s biodiesel manufacturing might rise to 1.8 million metric tons in 2024 if the federal government expands its 20% biodiesel obligatory programme to extra areas within the nation, the Malaysian Biodiesel Affiliation (MBA) stated.
Malaysia has rolled out a B20 programme, the place diesel for transportation have to be blended with 20% palm-based biodiesel, in phases with most areas within the nation at the moment implementing 10% mixing or a B10 programme for the transportation sector.
U.R. Unnithan, MBA president stated:
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We will get (a number of mixing) amenities up and working quicker, then we clearly can go into B20 then.
MBA president U.R. Unnithan instructed Reuters in an interview, including that nationwide implementation would take extra time and value.
Unnithan stated the group has submitted the advice to the federal government and hope growth of the programme might be completed within the second half of this 12 months, nevertheless additional discussions with different stakeholders is required earlier than a call is made.
Malaysia launched a nationwide obligatory 20% palm-based biodiesel mixing for the transportation sector in 2020, nevertheless the programme has solely been applied in some areas because the COVID-19 pandemic and a number of adjustments of presidency in recent times hampered progress.
The federal government has thought of increasing its B10 biodiesel programme, which requires the obligatory use of 10% palm oil, to the economic sector and has a mandate to make use of biodiesel with 30% palm oil by 2025.
The Southeast Asian nation exported practically 300,000 tons of biodiesel final 12 months, whereas round 1.1 million tons was consumed domestically.
Unnithan, nevertheless, cautioned that the federal government’s intention to evaluation worth controls and gasoline subsidies might harm home demand for biodiesel.
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Malaysian 2024 biofuel output seen rising if B20 biodiesel utilization expanded, KUALA LUMPUR, March 5, 2024
