Malaysian biofuel makers resume ops
Wednesday, October 8th, 2008Business Times
Wednesday, October 08, 2008
At the moment, four or five producers have started producing and some others are in the process of slowly starting, says a senior industry figure
SINGAPORE: A handful of Malaysian biofuel makers have resumed operations after a steep decline in feedstock prices, exporting some 20,000 tonnes of palm oil-based biodiesel a month, a senior industry figure said today.
But tighter margins and global financial turmoil will prevent many players from venturing into the risky business, Unni Krishnan Unnithan, deputy president of the Malaysian Biodiesel Association, said.
“At the moment, four or five producers have started producing and some others are in the process of slowly starting,” he said on the sidelines of a regional industry seminar.
“Overall we have just about reached 20,000 tonnes of exports per month from a few thousand tonnes which was being sold before July.”
Palm oil, the main feedstock for…
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