Value added for a better life: From food to fuel.
INDUSTRIAL COOPERATION TOWARDS VALUE ADDED PRODUCTION. The production of crude palm oil into value added is essential to ensuring that palm oil producing nations can support the continued improvement of health, education and social services which helps underpins the efforts made by Governments in developing economies.
Palm oil is highly versatile providing the opportunity for value added in many indispensable downstream industries to meet national demand to include food, fuel, fine chemical, also feed and fibre, etc.
Attributable mainly to the export tax on palm oil, Indonesia, the biggest palm oil producer, has witnessed an increase in downstream processing with a decline in crude palm oil exports and a corresponding increase in the production and consumption of downstream products for the domestic and export markets. Worthy of note is the biodiesel 20% (B-20) mandatory program which has resulted in Indonesia being the largest palm oil producer as well as the second largest consumers of palm oil with the EU market relegated to third.
Other sectors of development of value added include biomass residue from oil palm which is an attractive source for renewable energy fuel. These include press fibre and shell, and palm kernel shells as coal substitution. Palm oil–based biomass has more advantages as clean emission renewable energy and will be trend in the future.
Bioenergy palm oil utilization is also growing in the oleo chemical industry. Oleo chemicals are used for various applications including lubricants, polymers and surfactants, personal care, soaps in which new applications have emerged as substitution for petroleum-based products.
KUALA LUMPUR – 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 7th Ministerial Meeting of Council of Palm Oil Producing Countries (CPOPC) in Kuala Lumpur, Malaysia, on 16 July 2019. The Meeting was also attended by Colombia, represented by His Excellency Mr. Mauricio Gonzalez Lopez, Ambassador of Colombia to Malaysia, in its capacity as an observer state.read more
BANGKOK – The newly appointed Executive Director of Council of Palm Oil Producing Countries (CPOPC), Tan Sri Datuk Dr Yusof Basiron, conducted a two-day visit to Bangkok, Thailand, in early July 2019. The essence of the visit was to introduce CPOPC’s new board of directors, as the organization seeks to open channels for the government of Thailand to join CPOPC.read more