Malaysia wants to be world's biggest biodiesel producer

Malaysia, already a major producer of palm oil, now aims to be the world's biggest producer of biodiesel, says Deputy Prime Minister Najib Razak. Najib said it would be a mistake if Malaysia, as a major palm oil producer, did not tap the huge potential in the biodiesel market particularly in meeting the demand in Europe and the United States. "We're sure the demand for biodiesel will increase significantly worldwide because the price of petroleum fuel will continue to rise whilst its production is limited," he said.

Najib said biodiesel demand would also increase due to the European countries' commitment towards the Kyoto Protocol that calls for the reduction of air pollution. "They're very sensitive over the environment and don't want to use fuel that can contribute to pollution. Biodiesel is the alternative and we're aware of the huge potential," he said, adding that biodiesel production in Europe could only meet one sixth of the demand.

Najib also thanked Australian and Italian investors who contributed 30% equity for the setting up of the biodiesel plant that was said to be the first commercial biodiesel plant in Southeast Asia.

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