Norways, K., Burgin, S. (28 February 2024) Petronas urges EU to rethink palm oil phaseout, flags biofuel affordability. S&P Commodity Insights.
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The EU made palm oil-based biodiesel ineligible for fulfilling renewable transport targets after 2030. Malaysia’s crude palm oil exports to the EU dropped by 42% on the year in 2023. Malaysian refiner has already moved to establish responsible palm oil sourcing (ditto Indonesia). Rather than blanket bans, can a middle ground involving best practices be found?