Ｍalaysian plantations and Commodities minister Fadillah Yusof said government is considering expansion of its B10 biodiesel programme to industrial sector during the fourth Palm Biodiesel Conference held on Tuesday.
Started from 2019, Malaysia rolled out B10 programme which requires the mandatory use of 10% palm oil to transportation sector only. The carbon dioxide emissions will be further reduced after inclusion of industrial sector.
Malaysia is the world's second biggest producer of palm oil, only after Indonesia. The need of palm oil is increased along with biodiesel programme expansion. So government Optimistically estimates crude palm oil consumption will surpass 1 million tonnes per annum.
“Our current B10 implementation in the transport sector is just the beginning", Fadillah said. Malaysia is moving towards B20 programme which requires 20% palm oil, and the B30 programme is expected to take place by 2025.
Malaysia's PETRONAS is heavily investing reneable energy as well. This septmeber, it's subsidiaries, Gentari International Renewables Pte.Ltd., have secured conditional approval from Singapore’s Energy Market Authority (EMA) for their cross-border renewable energy project with Singapore's Gurin Energy Pte. Ltd. The project entails a 300 MW (0.3 GW) power generation initiative on Indonesia’s Riau Islands.
Gentari’s Chief Renewables Officer, Low Kian Min, said that "in the dynamic renewables sector, we rely on robust policies, frameworks, and strong partnerships to scale our projects to reduce carbon footprints across borders."