Business Times
Business Times: "Lower oil price not stopping biodiesel investments
By Ooi Tee Ching
bt@nstp.com.my
October 16 2006
THE recent slide in crude oil prices is not putting the brakes on Malaysia's biodiesel investments, says Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
'Based on the August biodiesel export figures, this industry can reap RM100 million in exports by the end of the year,' he told Business Times in an interview.
He was commenting on market talk that biodiesel investments might fizzle out after crude oil prices tumbled off their highs in the last three months.
Last Friday, New York's main contract, light sweet crude for delivery in November, closed 71 cents higher at US$58.57 per barrel. "
By Ooi Tee Ching
bt@nstp.com.my
October 16 2006
THE recent slide in crude oil prices is not putting the brakes on Malaysia's biodiesel investments, says Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
'Based on the August biodiesel export figures, this industry can reap RM100 million in exports by the end of the year,' he told Business Times in an interview.
He was commenting on market talk that biodiesel investments might fizzle out after crude oil prices tumbled off their highs in the last three months.
Last Friday, New York's main contract, light sweet crude for delivery in November, closed 71 cents higher at US$58.57 per barrel. "
posted by Adrian Eyre at 3:02 PM
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