Biofuel on the News

Friday, June 23, 2006

Indonesia and Malaysia co-operate on biofuels

by David Smith
Friday, 23 June 2006 - Biofuel Review

Jakarta - President Susilo Bambang Yudhoyono of Indonesia and visiting Malaysian Prime Minister Abdullah Ahmad Badawi met Tuesday in Jakarts to discuss the progress of a number of collaboration agreements in the energy and palm oil sectors.

According to Coordinating Minister for the Economy Boediono: "There were also discussions on collaboration in the palm oil industry."

Indonesia and Malaysia have signed a number of economic deals recently, with the latest one concerning the production and marketing of agricultural commodities such as palm oil.

Based on a memorandum of understanding (MOU) signed in May, the two countries have established a joint committee that will promote their plantation produce on the international market, and foster expertise in the sector.

Boediono also said that the two countries would work closely to develop the nascent biofuels industry, with Indonesia providing land for development by Malaysian palm oil firms investing there.

Indonesia is the world's second largest producer of palm oil, after Malaysia. The largest producer of palm oil in Malaysia is Golden Hope Plantations, which recently announced it's intention to build a 60,000 ton/yr biodiesel plant in Indonesia.

Originally posted on Biofuel Review (