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Ministry Identifies Measures To Reduce CPO Stocks - Uggah
Ministry Identifies Measures To Reduce CPO Stocks - Uggah
13/11/2015 (Bernama) - The Ministry of Plantation Industries and Commodities has identified two measures to reduce the crude palm oil stocks, said Minister Datuk Amar Douglas Uggah Embas.
He said the stocks as at October 2015 were 2.83 million tonnes.
"The first measure, which will be presented to the Cabinet, involves the increase in the use of B10 biodiesel from B7," he said.
Uggah said this to reporters after officiating Smallholders' Transformation Programme here Thursday.
Also present were Malaysian Palm Oil Board Director-General, Datuk Dr Choo Yuen May, and State Assemblyman for Kemena, Datuk Dr Stephen Rundi Utom.
The B10, a blend of 10 per cent palm-based biodiesel and 90 per cent petroleum diesel, is set to replace B7.
He said the second measure would be the launch of RM100 million Oil Palm Replanting Scheme Incentive (SITS) 2015 (SITS 2015).
"We have allocated the money to encourage the plantations to replant.
"Our target is the replanting of 83,000 hectares of the trees which are old and unproductive. If SITS 2015 is successful, we hope to reduce the production of CPO to 250,000 tonnes," he said.
He said the stocks as at October 2015 were 2.83 million tonnes.
"The first measure, which will be presented to the Cabinet, involves the increase in the use of B10 biodiesel from B7," he said.
Uggah said this to reporters after officiating Smallholders' Transformation Programme here Thursday.
Also present were Malaysian Palm Oil Board Director-General, Datuk Dr Choo Yuen May, and State Assemblyman for Kemena, Datuk Dr Stephen Rundi Utom.
The B10, a blend of 10 per cent palm-based biodiesel and 90 per cent petroleum diesel, is set to replace B7.
He said the second measure would be the launch of RM100 million Oil Palm Replanting Scheme Incentive (SITS) 2015 (SITS 2015).
"We have allocated the money to encourage the plantations to replant.
"Our target is the replanting of 83,000 hectares of the trees which are old and unproductive. If SITS 2015 is successful, we hope to reduce the production of CPO to 250,000 tonnes," he said.