Malaysia Forms Special Committee to Monitor B20 Implementation

The Federal government has formed a special joint committee headed by the Ministry of Primary Industries to monitor and ensure that the implementation of the B20 biodiesel fuel next year will proceed smoothly. Primary Industries Minister Teresa Kok Suh Sim said the special committee, which also consists of the Ministry of Finance, Ministry of International Trade and Industry and Prime Minister’s Department, would discuss the subject before its implementation by 2020. 

She added that Malaysia was looking into establishing a biodiesel stabilisation fund to help contain biofuel prices, as well as to make the fuel more attractive to consumers. This was due to public concern that higher biofuel usage would cause palm oil prices to go up. However, Kok said before implementing any mechanism, her ministry would consult all the stakeholders including petroleum companies and car manufacturers to ensure the plan will proceed smoothly after the implementation of the B20 biodiesel.