Area
Malaysia
Commodity Group
Biofuels
Commodity
Biodiesel
Date
01/06/2019
Policy Category
Renewable energy
Policy Instrument
Biofuel policy
Description
Set up in view of the increase in the countrys mandatory biodiesel blending rate from 10 percent to 20 percent planned for 2020 an interministerial committee tasked with monitoring and ensuring that domestic crude palm oil prices remain stable, and that local biodiesel prices stay competitive. Reportedly, the committee would look into the possibility of setting up a biodiesel stabilization fund.
Notes
In view of the increase in the countrys mandatory biodiesel blending rate from 10 percent to 20 percent planned for next year, the Federal Government set up an inter-ministerial committee tasked to monitor and ensure that domestic crude palm oil prices remain stable and local biodiesel prices stay competitive. Reportedly, the committee will look into the possibility of setting up a biodiesel stabilization fund. (See also MPPU Mar.19)
