30/11/2011 (Biofuels Digest) - In Malaysia, Prime Minister Datuk Seri Najib Razak said in a speech during the launch of BioMalaysia 2011 and the 2011 Pacific Rim Summit on Industrial and Bio-Energy that the country could reap major benefits as the world’s largest palm oil exporter due to the tremendous potential to use palm oil waste in high-value industrial applications.

The Prime Minister stated that biomass waste from oil palm production has the potential to deliver about US$9.3 billion in new income to the country’s economy by 2020.