Wednesday, 29 October 2014

CIMB Equities Research On B7 biodiesel

CIMB Equities Research is positive on Malaysia's plans to start implementing the use of B7 biodiesel in stages starting from November as this will boost the country's usage of palm oil.

The research house estimates the rollout could raise the country's palm oil demand by 263,000 to 390,000 tonnes per annum, or 1%-2% of the total palm oil production in 2013.

Source: The Star Online news excerpt