In Malaysia, Plantations and Commodities Minister Bernard Dompok has announced that the government is looking at cutting the subsidy for diesel, which currently costs 1.75 ringgit (€0.4) per litre, to encourage the use of the biofuel. These cuts would begin next year, and the government has given five petroleum companies a total of 5 million ringgit to help build the necessary infrastructure for the introduction of B5 biodiesel. Petronas, Shell, Chevron, Exxon and BHP will each receive 1 million ringgit.
Accordingly, the Bioenergy International Asia expo & conference, being held in Kuala Lumpur on 10-11th November will focus on sustainability standards, plant finance and investment, new feedstock possibilities, managing price risk exposure and a global overview of the biofuels market across Asia.
The conference programme also includes presentations from successful producers across Asia such as Alpha Biofuels, Pacific Bio-Fields Holdings, Indo Biofuels Energy and Inbicon. This conference is twinned with Tank Storage Asia expo & conference.
More on the conference here.
