Malaysia, Indonesia biodiesel production forecast to rise in 2017

Malaysia, Indonesia biodiesel production forecast to rise in 2017

Malaysia will produce about 900,000 tonnes of biodiesel in 2017, up about 80
percent from half a million tonnes last year, while Indonesian output will
rise to 3.5 million tonnes this year from 3 million tonnes in 2016, an
industry expert said on Tuesday.

"These are the forecasts based on the current pricing of crude palm oil and
oil prices," said U.R. Unnithan, president of the Malaysian Biodiesel
Association on the sidelines of a palm oil industry conference in Kuala
Lumpur.
Benchmark palm oil prices are up nearly 3 percent so far this month after
sliding 8.5 percent on expectations of rising output and weakening demand in
February.

Palm oil is down 1.5 percent at 2,851 ringgit ($640.94) per tonne on Tuesday
evening.

Palm oil can be used to produce the bio components of biodiesel grades sold
at retail fuel pumps. Low crude oil prices, though - benchmark crudes are
still around half of what they were in mid-2014 - are expected to make it
tougher for biodiesel to compete against petroleum diesel.

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

Link to Original Article:
http://english.astroawani.com/business-news/malaysia-indonesia-biodiesel-pro
duction-forecast-rise-2017-134703

--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---

John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com