Malaysia plans to propose joint research with the European Union to formulate standards for using palm oil to produce bio-fuels, according to the Malaysian Palm Oil Board Chairman, Dow Jones reports.
The EU has set targets for use of 10% renewable energy for the transport industry by 2020 which, according to industry estimates, is likely to create a market for at least 23 mln metric tons of bio-fuels annually, and to be eligible for producing these supplies, it is crucial for Malaysia to meet EU standards.
The Chairman is likely to visit the European Commission's Joint Research Centre in Ispra, Italy to discuss the standards. The JRC provides scientific and technical support for the EU's policies on a wide range of issues. (15 May 2009)