KUALA LUMPUR: As one the world’s major palm oil producers, Malaysia will continue to play a major role in ensuring that palm oil remains a sustainable and eco-friendly fuel replacement for the world markets, said Minister of International Trade and Industry, Datuk Darell Leiking.
“Palm oil is a viable option to reduce our dependency on fossil fuels, as it has tremendous potential as a renewable source of energy.
“As the largest exporter and second largest producer of the palm oil in the world, we sit in a position to ensure that this commodity evolves into an industry that brings such benefits to the global markets, in particular the energy and transportation ecosystem”, he said.
Biofuels have recently received significant attention as a viable replacement for fossil fuels.
Apart from its potential as a leading fossil fuel replacement, biofuels are sourced from planted crops, allowing its production to be planned, harvested and renewed sustainably compared to fossil fuels that take millions of years to form and are becoming increasingly scarce.
Furthermore, they have carbon-neutral properties, as planted sources of fuel consume carbon dioxide as they grow, offsetting its carbon footprint during its consumption.
