BIODIESEL MARKET IN MALAYSIA Prepared by Malaysian Palm
BIODIESEL MARKET IN MALAYSIA Prepared by Malaysian Palm Oil Board (MPOB)
Export Volume & Value in 2019 RM Mil. 1 650 1 600 1 550 1 500 1 450 1 400 1 350 1 300 Export Volume (T) Export Value (RM Mil. ) 2018 515 467 1 433, 69 2019 609 777 1 603, 71 Export Destination in 2019 Tonnes 620 000 600 000 580 000 560 000 540 000 520 000 500 000 480 000 460 000 Biodiesel sector at a quick glance Factors Influence Market Government Approaches to Strengthen Market Domestic Market • Global price of Brent crude oil • Local price of palm oil feedstock • Biodiesel demand from importing countries • Energy directive in importing countries • Implementation of national biodiesel programme for transport and industrial sectors Export Market Domestic Market • Government mandate • Marketing and promotion • Lobbying the EU Parliament • Government negotiation • Memorandum of Understanding
Government mandate. . Increasing local biodiesel consumption through expanding national mandate. . Biodiesel programme for transport sector B 20 programme (In stages January 2020) B 7 programme (end 2014) B 5 programme (2011) Biodiesel programme for industrial sector B 7 programme (July 2019) B 10 programme (end 2018) § B 20 programme has been implemented began with Langkawi and Labuan, effective January 2020. § Sarawak will follow suit by May 2020, and Sabah by September 2020; of which 70% of B 20 supplies will be made available. § Whole Peninsular Malaysia is expected to take effect by middle 2021. Nationwide B 20 programme for transport and B 7 programme for industrial sectors would involve biodiesel consumption close to 1. 3 million tonnes per year
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