The EU will restrict the use of palm oil for biofuels from June 10, and it is likely to aggravate the dispute between the EU and Malaysian palm oil producing countries. “Bloomberg” reported that the EU has published the above regulations in official journals, setting new standards for the use of palm oil in biofuels.
International Trade and Industry Minister Datuk Dale Regent said that Malaysia, as a major producer of palm oil in the world, will ensure that palm oil continues to be a sustainable and environmentally friendly alternative fuel for the world market. He issued a statement today that palm oil is a viable option for China to
Datuk Leijing, Minister of International Trade and Industry, said that the Ministry of Trade and Industry and the Ministry of Industry and Industry are looking to introduce B20 biodiesel with higher palm oil content in 2020. The two departments are also studying whether to map the B20/B30 biofuels. Tools are incorporated into the national automotive
At a recent regular meeting, the Thai cabinet made an important decision to further stabilize the domestic palm oil price market, authorizing the tax bureau to make new adjustments to the current biodiesel tax rate, there by attracting biodiesel companies to increase palm oil purchases and upgrade domestic palms Oil price. At the same time,
Palm oil (CPO) faces even more serious challenges, especially from the outside world. Palm oil producers are facing the EU’s negative publicity campaign on palm oil, which is affecting commodity prices. Nonetheless, palm oil producers still expressed optimism that production will increase. Astra Agro Lestari (AALI) said it is not directly affected by EU policy.