Minister of International Trade and Industry Datuk Ignatius Darell Leiking speaks during a press conference at the Penang Science Park February 21, 2019. — Picture by Sayuti Zainudin
“As the largest exporter and second largest producer of the palm oil in the world, we sit in a position of ensuring this commodity evolves into an industry that brings much benefits to global market, in particular, the energy and transportation ecosystem,” he added.Apart from the potential as a leading fossil fuel replacement, biofuels are sourced from planted crops, allowing its production to be planned, harvested and renewed sustainably.
Darell further explained that while there had been opposition to the current practices of planting oil palm recently, there was demand and potential for the sector to emerge as an important player in meeting the needs of the energy and transportation sectors. Malaysia introduced B10 biodiesel to the domestic transportation market in December 2018, increasing its blend from seven per cent to 10 per cent.
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