To Chart Out a Direction for Biofuel Development: CPOPC Business Forum.
PUTRAJAYA – To boost domestic demand and push forward the palm oil industry, Council of Palm Oil Producing Countries (CPOPC) organized Business Forum on 12 February 2019 in Putrajaya, Malaysia. Over a hundred palm oil stakeholders from five countries attended the event that aims to promote higher biodiesel blends in Malaysia and wider use of hydrotreated vegetable oils (HVO), the next generation of biodiesel.
During the opening ceremony, Honorable YB Ms. Teresa Kok, Minister of Primary Industries, Malaysia, urged the importance of B20 mandate to reduce CPO high stock levels in Malaysia. The mandate, according to Minister Kok, may increase CPO uptake to 1.3 million tonnes per annum in the country. ‘’At the same time, it encourages stable and better CPO prices,” added Minister.
The half day event was held in a format of panel presentation and question-answer. Five biofuel figures—pioneer of biodiesel development, leading scientists, biofuel economist—brought presentations on biofuel topics that centered on ‘’how to expedite B20 policy in Malaysia’’ and ‘’why the next generation of biofuel is important’’.
The first plenary session featured Biodiesel Indonesian Association (APROBI) and Indonesian Automotive Association (GAIKINDO) paired up to share Indonesian experience on B20 implementation; while leading expert of LMC International highlighted the economics and mechanisms of biodiesel policy. At the second session, two papers underlined the unique qualities of the hydrotreated vegetable oil (HVO) for its use as a drop-in fuel presented by Bandung Institute of Technology (ITB) and ENI Singapore.
“This initiative forms part of the CPOPC strategy to increase the demand and consumption of palm oil in palm producing countries especially in the biofuel sector,’’ told CPOPC Executive Director, Mahendra Siregar. ‘’The strategy should be one of unity of purpose, a common vision on how to harness the potential of our domestic biofuel markets,’’ he added.
The Ministers responsible for the palm oil industry from Malaysia, Her Excellency Mdm. Teresa Kok, Minister of Primary Industries of Malaysia, and His Excellency Mr. Darmin Nasution, Coordinating Minister for Economic Affairs of the Republic of Indonesia co-chaired the 6th Ministerial Meeting of Council of Palm Oil Producing Countries (CPOPC) in Jakarta, Indonesia, on 28 February 2019. The Ministry of Agriculture of Colombia was represented by Mr Felipe Fonseca Fino, Director of Agricultural Rural Planning Unit.read more
INDONESIA’S palm oil is facing a load of pressure. In June 2018, the European Union declared its plan to ban the use of palm oil as an additive for biodiesel by 2030. This is an extension to the previous deadline of 2021. The European Union plans to also gradually decrease its import volume of palm oil. On Tuesday last week, the European Union’s ambassador to Indonesia, Vincent Guerend, also made his move. He requested the Indonesian government review the standards of Indonesian Sustainable Palm Oil (ISPO) certification which do not meet certification standards in Europe. He said the Roundtable on Sustainable Palm Oil certification was better recognized by the international market.read more