Gamalux to Profit from Sustainability Policies of EU

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June 18, 2019

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(Daily Express/Bernama) Amid the uproar over the European Union’s (EU) discriminatory move against palm oil, one player in the Malaysian palm oil downstream sector seems unperturbed and is in fact expecting better demand for its products this year from European clients. Gamalux Oils Sdn Bhd, which makes feedstock materials for biodiesel and animals, projects its export sales to top RM100 million this year, a growth of about 30 per cent from 2018. And Europe will be key to that growth.

Established in October 2009, the export-oriented company has built a reputation in green technology, being a pioneer in solvent extraction technologies from renewable energy (palm oil base products). Chief Executive Usman Ahmed said 80 per cent of its output was exported to European countries such as Italy, Spain, the Netherlands, the United Kingdom, Switzerland and the Scandinavian region. The rest goes to South Korea and China.

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Gamalux’s products, which originate 100 per cent from waste vegetable oils, had become much sought-after in the sustainable market, Usman said. According to him, the company is not affected by the EU’s call to ban palm oil, as it is not in the main stream of edible palm oil but more in the collection of wastes to value add.“We basically use green technology to recycle all the wastes out there.

“With certification from the International Sustainability and Carbon Certification and National Italian Scheme, to name a few, and with the new European sustainability policies, it has given us an advantage to gain more access to the market,” he explained. READ MORE

Palm oil stocks to hit more than 3m tonnes this year (Hellenic Shipping News)

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