EU approved a plan to ban the use of palm oil in biofuel production

23.01.2018

On Wednesday, the EU law makers approved a plan for reforming the energy market in order to reduce energy consumption and prevent climate change. The plan includes a ban on the use of palm oil in transport fuel production from 2021, reports UkrAgroConsult.

At the same time, the European Parliament will allow using other oil crops in fuel production according to the Renewable energy directive.  Malaysia has expressed dissatisfaction at the EU decision, calling it discrimination against the palm oil producing countries. The EU is the second largest end market for Malaysian palm oil. The country’s government promised to strike back by reducing European goods imports and file a protest against the EU decision. The approved plan is a draft – the European Parliament still has to adopt the final version of this bill.

 

UkrAgroConsult

on the basis of Reuters information

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