Malaysia has been actively attracting Chinese investors to boost the country’s agricultural commodities, with crude palm oil identified as a key area for growth including in green energy and sustainable aviation fuel (SAF).
At the Malaysia-China Summit 2024, Plantations and Commodities Minister Datuk Seri Johari Abdul Ghani highlighted the huge opportunities in biomass and biogas energy.
He also encouraged investment to upgrade some 448 palm oil mills and build oleochemical product plants in Sabah and Sarawak, covering more than 3 million hectares of palm oil plantation area.
The government also plans to make SAF production mandatory by 2027, making Malaysia a major player in sustainable fuel production.
This effort has the potential to generate more than 2,200 MW of energy through the use of biomass and biogas at 440 locations nationwide.
With abundant raw material resources and a robust ecosystem, the palm oil industry offers potential for growth and stability for investors.
More than 55% of Malaysia's palm oil plantation area is located in Sabah and Sarawak, offering great opportunities for long-term investment.
