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M’sia Targets 50% Rise in Palm Product Exports to Philippines by 2020

Business News/Analysis, Feedstocks, Field/Orchard/Plantation Crops/Residues, Malaysia, Marketing/Markets and Sales, Opinions, Philippines, Policy
July 25, 2017
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(The Star)  Malaysia is targetting the export of palm oil and palm-based products to the Philippines to increase by 50% to RM3bil by 2020, from RM1.99bil recorded in 2015.

Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the Philippines, which was flourishing with infrastructure development and with a population of about 100 million, offered huge  potential for Malaysian palm oil and palm-based products.

…

He held bilateral discussions with the Secretary of Energy, Philippines, Alfonso G. Cusi and the Secretary of Trade and Industry Philippines Ramon M. Lopez on export and investment opportunities in the Philippines palm oil and rubber sectors.

The bilateral discussion with Cusi focused on exploring possible collaboration in the area of renewable energy especially in biodiesel, bioethanol and second-generation biofuels between the two countries.

The Philippines is currently using B2 (2.0% biodiesel) and was looking to improve the mixture to B5 (5.0% biodiesel) using coco-methyl ester (CME).

If B5 policy is mandated by the Philippines government, it would require some 350 million litres or 323,494.5 tonnes of CME.  READ MORE

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B2B5biodieselCoconutMalaysiamarketingmarkets/salespalm oilPhilippinesTransportation Fuels Policy
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