KUALA LUMPUR: Carotech Bhd will supply up to 84,000 tonnes of palm biodiesel to Trafigura Beheer BV, the Dutch subsidiary of Switzerland-based oil trader Trafigura group, beginning January next year under a contract worth up to RM200 million.
The deal came at a time when crude palm oil (CPO) prices had fallen by some 60% from the peak of over RM4,400 per tonne in March, and this has benefited biofuel producers such as Carotech which are able to cut raw material cost.
(The success of the biodiesel fuel industry relies heavily on biodiesel testing, not only at the production level but at the consumer level, where degraded fuel may cause engine failures. Fleet Biodiesel's family of inexpensive biodiesel test kits is just a click away on the internet)