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Biofuels Market Size Worth Around US$ 307 01 Billion by 2030

Biofuel refers to the specific type of fuel derived from the natural sources such as plants, organic materials, animal wastes. Biofuel industry is gaining substantial attraction as alternative fuel for the petroleum derived fuels in order to mitigate major concerns of global warming, raised due to the fossil fuels. Primary sources of biofuels include soybean, corn, forestry, agricultural crops, also the waste from food services as well as ago industries. These fuels are available in solid, liquid, or gaseous forms and are chiefly used in various end use applications counting generation of energy, transportation fuels, lubrication & greasing, cooking purposes, charging of electronics and others. Some of the commercially used biofuels are biomethane, bioethanol, and biodiesel where in biomethane is manufactured by using domestic and agricultural wastes, bioethanol is produced from sugar beet, wheat, and algae. Further, biodiesels are manufactured using animal fats, algae lipids and veg

Indonesia, Malaysia Step Up Palm Oil Lobbying: Report

The increased lobbying effort reflects the increasingly negative perceptions of the industry. January 20, 2021 Palm oil fruit at a plantation near Binjai, on the Indonesian island of Sumatra. Credit: Flickr/Peter Nijenhuis Advertisement Yesterday, Reuters reported that Indonesia and Malaysia, two of the world’s largest producers of palm oil, are joining forces to lobby against proposed regulatory changes that could restrict sales of the product within the European Union. According to the report, the two nations, working via the Council of Palm Oil Producing Countries (CPOPC), are seeking to hire an advocacy firm to campaign in Europe to counter criticisms and fight the introduction of tighter regulations.

Turbulent times ahead? Malaysia palm oil faces uncertain 2021 with price, production and policy challenges

Turbulent times ahead? Malaysia palm oil faces uncertain 2021 with price, production and policy challenges The palm oil industry in Malaysia needs to prepare itself for an uncertain year ahead with expected price volatility, production decrease and policy changes in the west, with the government attempting to shift to more value-added products in hopes of providing a boost. According to data from the Malaysian Palm Oil Council (MPOC), palm oil prices on a global scale are expected to face a lot of uncertainty in 2021, as there are many key factors that could casue changes, all of which are subject to unpredictable changes.

Aviation Sector and NGOs Agree on Sustainability of Future Fuels – Advanced BioFuels USA

(European Climate Foundation) Given that EU leaders have committed to achieving a net-zero-carbon economy by 2050, there is a growing focus on how to accelerate the transition towards climate-neutral aviation. As the European Union is about to unveil new targets for sustainable aviation fuel in 2021, a group of major European aviation companies –  including KLM, Easyjet, Air France, International Airlines Group – as well as research organisations and environmental groups are calling for a more stringent policy approach to sustainability and the sector’s climate impact. In a statement, the group provides recommendations on the sustainability aspects of the EU’s policy design to support Sustainable Aviation Fuels (SAF). 

Malaysia to sue European Union in WTO lawsuit over palm oil : Biofuels Digest

“Datuk Dr. Mohd Khairuddin Aman Razali, Plantation Industries and Commodities Minister said at a press conference at the Palm Oil Economic Review and Outlook Virtual Conference 2021, that Malaysia will continue to fight against any discriminatory actions which pose a threat to the country’s economy and the livelihood of its people,” according to Scandasia. “The EU has adopted a delegated act proposal that implements the Renewable Energy Directive II (REDII). In RED II, the overall EU target for Renewable Energy Sources consumption by 2030 has been raised to 32%. The directive suggests that crops like palm oil could cause deforestation and increase use of transportation fuel which contributes to greenhouse emission and indirectly leads to land-use change – which then classifies these crops as a “high-risk” activity.”

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