Malaysia Carbon Market Association president and Yinson corporate sustainability group head Dr Renard Siew said biofuels in Malaysia today play an “incremental support” role. Even so, he said biofuels could still play a useful role as part of a broader strategy to manage costs and reduce exposure to future shocks, but alongside measures such as efficiency improvements and gradual electrification. “Even though the total volume is limited, it has significance as prices are determined by the marginal volume,” he said, adding that biofuels can “play a larger role than their volume suggests”. He said higher blends may carry risks for certain engines, and regulators will need technical study results before moving to broader implementation. Waste-based biofuels are the most desirable option, he said, because they can address fuel needs and waste management at the same time, while more advanced biofuels may not resolve immediate cost pressures.

Source: The Star April 02, 2026 23:51 UTC