One of the largest biodiesel producer from palm oil, Malaysia has raised its 2008 biodiesel export forecast to 200,000 tonnes a twofold increment from its previous year.
High spread between the selling price of palm methyl ester and the feedstock crude palm oil (CPO) is seen as the main reason behind the huge jump. Malaysia currently has 1.6 million tonnes capability to produce CPO per year mainly for production of methyl ester. Malaysian's biodiesel export mostly goes to the European countries.
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