Friday June 23, 2006 | ${log.root}/lowem.log Inflation, Investing and Everything |
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China firms seek Malaysian palm oil waste for biodiesel The viability of palm oil as a clean alternative fuel has prompted several mainland China firms to seek palm oil waste from Malaysia to produce biodiesel amid spiking crude petroleum prices. This can well be another huge potential revenue earner for Malaysia as energy-thirsty China and its galloping economy has begun developing its biodiesel sector. Spiralling crude petroleum prices and pollution concerns have heightened the search and development of alternative energy especially renewable resources around the world. Malaysia, currently the world's biggest palm oil producer, has also embarked on using the commodity to produce environmentally-friendly fuel. It recently launched Envo Diesel, a biofuel mixture of 5% processed palm oil and 95% petroleum diesel to be introduced for government vehicles from next year. See also : 1. Malaysia wants to be world's biggest biodiesel producer (2006-06-23 17:15:10 SGT)
[Energy]
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