Impacted by double whammy of slow economic growth and overcapacity in the regional oleo industry with mega plants coming on steam – producers are urged to be business smart in these challenging times! 

Malaysian Investment Development Authority’s (Mida) Chief is calling on oil palm companies and SMEs to seize the opportunities in the oleo derivatives industry, which offer higher margins in the long run. 

Mr. Tan Kean Hua, Chairman of Malaysian Oleochemical Manufacturers’ Group advised industry players to continue to drive operational efficiencies and improve productivity – to have a better cost base in order to stay ahead of competitors In addition, the plants should be versatile i.e. able to handle different products so that if a particular product’s demand falls, it can use the same plant for another product to compensate.

With the current volatility in crude oil price, how sustainable are the B20 biodiesel program in Indonesia and B10 program in Malaysia? What are the opportunities & impact on the industry?

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