28./09.05 PETALING JAYA, (Bernama) -- The Biofuel Act is in the finalstages of drafting, director general of the Malaysian Palm Oil Board(MPOB), Tan Sri Yusof Basiron, said Wednesday.

"They (the government authorities) are working very hard to catch up andtable it during the next parliament session," he said.

Yusof said this to reporters at the end of the three-day InternationalPalm Oil Congress (PIPOC) 2005 which ended, here Wednesday.

Even before the setting of the Biofuel Act, many companies have shown keeninterest in setting up a bio-diesel plant.

MPOB has received 10 bids from local companies to set up three bio-dieselplants on a joint venture basis with the board.

Two of the plants would be in Port Klang and the third in Pasir Gudang,Johor.

-- BERNAMA