AreaMalaysia

Commodity GroupBiofuels

CommodityBiodiesel

Date01/06/2019

Policy CategoryRenewable energy

Policy InstrumentBiofuel policy

DescriptionSet up – in view of the increase in the country’s 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.

NotesIn view of the increase in the country’s 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)