article... change of plans for biofuels stocks, page-3

http://www.the-eic.com/News/Archive/2006/Sep/Article2546.htm

Malaysia - Biodiesel licences may be revoked
Malaysia may revoke some of the 52 licences it issued to companies to develop biofuel as they aren't committed to the business. Malaysia wants to cut its annual imports of petroleum diesel by 500MTpa by encouraging vehicles to use a mix of palm oil and diesel. If biofuel use were made mandatory, domestic consumption of palm oil would rise by 500KT to 1.3mil tpa. Three companies, including Golden Hope Plantations Bhd, had been appointed to run government-owned biodiesel plants in Port Klang. Each plant could produce 60KT of biodiesel a year, which would be for export.




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