Palm Oil News From Malaysia

Malaysia, the world’s largest producer of palm oil, has partnered up with different technology companies in the United States in order to carry out a biomass project that will use the waste from the oil palm industry to produce electric power and other products ranging anywhere from sugar to vaccines. 

The Global Science and Innovation Advisory Council (GSIAC) of Malaysia is a joint initiative between the Malaysian Industry-Government Group for High Technologies (MIGHT) and the New York Academy of Sciences (NYAS) which aims at increasing Malaysia’s capacity in science and innovation in order to transform it into a high income economy. Prime Minister Najib Razak recently met with experts in New York to discuss Malaysia’s ambition to recover from increasingly poor living standards and rising costs in order to become a high-income nation by 2020. 

Despite lingering skepticism that this goal is unattainable, ideas were still brought up by the panel in New York, one of which focuses on research to increase crop yield in Malaysia’s key palm oil sector. This also includes the efficient production of products for food and biofuel that would reduce waste and shrink the amount of deforestation. 

This is good news for the palm oil industry, as another step is taken in order to make the production of palm oil more environmentally friendly and efficient. Hopefully, we will see the results of this initiative in the near future but until then, visit the sources bellow to read more on this latest news from Malaysia. 

Source(s): 

• http://www.bernama.com/bernama/v5/newsbusiness.php?id=587239 
• http://www.washingtonpost.com/business/malaysia-seeks-international-expertise-in-new-push-to-hit-high-income-status-by-2020/2011/05/18/AFTt7I6G_story.html