KUALA LUMPUR – Malaysia’s oleochemical exports are expected to climb 20 percent to surpass RM11.2 billion in this year.
Malaysian Oleochemical Manufacturers Group President Tan Kea Hua said since 2010, major oleochemical manufacturers have upgraded their fatty acid and fatty alcohol throughput to leverage on economies of scale.
To date, our members are churning out 2.8 million tons,” he said to New Straits Times, recently.
He added, as palm oil downstream investors, we urge the government to be very careful and mindful about maintaining a level playing field with that of Indonesia,”said Tan.
“All we ask for is an equal chance to compete. Malaysia’s tax gap between crude and refined palm oil must mirror that of Indonesia’s. This is vital for the survival of Malaysia’s billions of ringgit of palm oil downstream investments,” he said. (T4)
