Biofuels are seen as a promising solution for the transport sector. (Photo: iStock)
ASEAN nations see strong potential in developing bioenergy, with opportunities to export to markets such as Europe and boost trade revenues.
However, industry leaders warn that clean energy progress in the region has slowed. Fossil fuel subsidies, unstable energy policies, and aging grid infrastructure remain major obstacles, adding uncertainty to investment.
Three advantages position ASEAN for biofuel growth
Speaking at the Asia Pacific Petroleum Conference (APPEC), Ahmad Adly Alias, Vice President of Refining, Marketing and Trading at Malaysia’s Petronas, said Southeast Asia is well-positioned for biofuel exports thanks to easy access to feedstock, rising production capacity, and growing demand. If production exceeds local demand, ASEAN could emerge as a net exporter to Europe.
