Biodiesel exports set to grow

Biodiesel exports set to grow

MALAYSIA is on track to ship out 143,000 tonnes of biodiesel this year, 50 per cent more than last year as biodiesel producers reap fatter margins.

Biodiesel exports in the first eight months of the year amounted to 101,835 tonnes, seven per cent higher than last year’s 95,013 tonnes, said the Malaysian Palm Oil Board (MPOB).

Based on a selling price of US$1,000 per tonne for biodiesel and other operating costs of US$100 per tonne, the break-even feedstock cost for biodiesel would be about US$900 per tonne or RM3,060 per tonne.

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