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Malaysia's Biodiesel Exports Set to Grow
MALAYSIA - Malaysia is on track to ship out 143,000 tonnes of biodiesel this year, 50 per cent more than last year as biodiesel producers reap fatter margins.According to the Borneo Post, biodiesel exports in the first eight months of the year amounted to 101,835 tonnes, seven per cent higher than last year’s 95,013 tonnes, said the Malaysian Palm Oil Board (MPOB).
Based on a selling price of US$1,000 per tonne for biodiesel and other operating costs of US$100 per tonne, the break-even feedstock cost for biodiesel would be about US$900 per tonne or RM3,060 per tonne.
The Borneo Post says that this implies that biodiesel is presently feasible based on current crude palm oil (CPO) prices of between RM2,300 and RM2,400 per tonne.
However, as the winter season in the northern hemisphere is coming, we expect biodiesel exports to the US and Europe to soften as palm oil-based biodiesel freezes during cold weather.
Hence, blenders and consumers prefer to use biodiesel based on other vegetable oils such as rapeseed.
TheBioenergySite News Desk
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