Monday, October 4, 2010

Petronas, Shell among five given incentives for biodiesel plan

KUALA LUMPUR: Petroliam Nasional Bhd and Shell are among the five oil companies which were given RM1 million each to building blending facilities.

The Minister of PLANTATION [] Industries and Commodities Tan Sri Bernard Dompok said on Monday, Oct 4 the other three were Chevron, Exxon Mobil and BHP.

He said the incentive was to build the facilities as part of the B5 biodiesel plan

The Edge weekly had in November 2009 reported the B5 programme was to have started with the government vehicles, to be followed by the transport and industrial sectors.

Full implementation of B5 would lead to a take-up of 500,000 tonnes of biodiesel per year, based on an annual diesel usage of 10 million tonnes in Malaysia.

The government vehicles would use up to 70,000 tonnes of biodiesel per year. Under the plan, B5 was to have been sold from January, 2010.


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