Friday, January 29, 2010

Breaking News-RTRS-Malaysia may delay palm-biofuel mandate -report

KUALA LUMPUR, Jan 29 (Reuters) - Malaysia, the world's No. 2 palm oil producer, may delay a mandate for blending palm oil-based biofuel with petroleum diesel to next year due to cost concerns, the Star newspaper reported on Friday.
The government has not implemented the biofuel mandate as it struggles to find a willing party to absorb the extra costs arising from the palm oil biofuel blend, the newspaper cited Commodities Minister Bernard Dompok as saying.