Malaysia to help palm sector with new biodiesel blend rules

KUALA LUMPUR, Oct 25 — Malaysia is set to impose a requirement for biodiesel to use 7 per cent palm oil, up from 5 per cent now, as a way of whittling down palm oil stocks and cushioning prices in the face of growing competition from other edible oils. Industry and government officials in the world’s second-biggest palm oil producer said the “B7” biodiesel blend could be mandatory from December as talks with interested parties were nearing a conclusion. “It’s targeted that B7 will be implemented in December. Once we switch to B7, there will be one grade – B7, not B5,” an official with the Malaysian Biodiesel Association with direct knowledge of the discussions told Reuters. - See more at: http://www.themalaymailonline.com/money/article/malaysia-to-help-palm-sector-with-new-biodiesel-blend-rules#sthash.S5dENcSS.dpuf