Of the amount, 200 million ringgit will be used for biodiesel and another 200 million for replanting, said Lee Oi Hian, Chief Executive of Malaysia's third biggest planter Kuala Lumpur Kepong
Tuesday, November 25, 2008
Breaking News-RTRS-UPDATE 1-Malaysia to tap fund for palm biodiesel, replanting
KUALA LUMPUR, Nov 24 (Reuters) - Malaysia will tap 400 million ringgit ($110 million) from a palm oil stabilisation fund to boost palm biodiesel production and replanting of oil palm trees, an industry official said on Monday.
Of the amount, 200 million ringgit will be used for biodiesel and another 200 million for replanting, said Lee Oi Hian, Chief Executive of Malaysia's third biggest planter Kuala Lumpur Kepong.
Of the amount, 200 million ringgit will be used for biodiesel and another 200 million for replanting, said Lee Oi Hian, Chief Executive of Malaysia's third biggest planter Kuala Lumpur Kepong
