Malaysia targets CPO production of 20 million tones by 2020
Kuala Lumpur, Malaysia | July 23, 2007 by
Malaysia's crude palm oil (CPO) production was expected to increase by 4.4% to 16.58mil tones this year, Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui said.
The target was to raise it to 20mil tones by 2020, he said in his speech at an agreement signing ceremony at Crown Towers here on Friday.
The agreement was between Kirana Palm Oil Refinery Sdn Bhd and BiPort Bulkers Sdn Bhd.
Last year, the country produced 15.88mil tones of CPO and 4.13mil tones of palm kernel oil, with the total export earnings jumping 11.7% to RM32.2bil.
"With its big landmass, Sarawak can further develop its palm oil industry in both the upstream and downstream sectors. Sarawak has developed some 600,000 ha of oil palm estates which are in various stages of maturity,'' he added.
Sarawak is now the fourth largest state, by area, planted with oil palm, and the state government's target is to increase the size to 1mil ha in the next several years.
In D-8 Working Group meeting last year, in Jakarta, Indonesia, renewable energy using palm oil for biodiesel was discussed seriously among member states. Malaysia and Indonesia are suppliers of palm oil in the world, that can be applied for cooking oil and in the future also potential for biodisel. This year, the Working Group of oil and gas will have a meeting in Cairo, Egypt .
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