Advertisements

Sabah, Malaysia will introduce policies to regulate the oil palm biomass industry

by Joy

On June 21, according to media reports, Phoong Jin Zhe, Minister of Industrial Development and Entrepreneurship of Sabah State, Malaysia, said that the Sabah State Government will introduce policies to regulate the oil palm biomass industry.

He said in the statement: The introduction of policies is crucial for the long-term development of the biomass industry in Sabah, and it also contributes to the sustainable socio-economic growth of Sabah, especially in terms of generating income, increasing investment value and creating employment opportunities.

Advertisements

In 2021, Sabah could produce about 45 million tonnes of oil palm biomass, Phoong said. These include palm shells, peel fibers, palm oil kernels, palm oil wastewater, palm oil stems and palm fronds. This shows the great potential of the downstream biomass industry in Sabah.

Advertisements

Data show that Sabah is the largest palm oil producing state in Malaysia, with a total planted area of more than 1.5 million hectares, accounting for 27% of Malaysia’s total palm oil planted area of 5.7 million hectares.

You May Also Like

blank

Futuresstocktrading.com is a comprehensive futures information portal. Whether you’re a novice or seasoned trader, find futures news, futures market, futures trading tips, and futures basic knowledge to enhance your trading prowess and financial success.

[Contact us: [email protected]]

© 2023 Copyright  Futuresstocktrading.com – Futures Market, Investment, Trading & News