Malaysia may revoke some of the 52 licences it issued to companies to develop biofuel as they aren't committed to the business. "I think some of them are not really serious" about investing, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said in an interview.
Malaysia, the world's largest producer of palm oil, is boosting the use of alternative energy sources such as biofuel after crude oil prices tripled since 2002, and the cost of capping fuel prices increased.