# The biodiesel complex up

> Malaysia targets a 30% biodiesel blend (B30) for heavy land vehicles by 2030, contingent on palm oil-gasoil spreads being economically viable. The energy roadmap also targets 3.5 billion liters of biorefinery capacity and 1.4 GW of biomass power by 2050.

- Date: 2023-09-01 · published 2023-09-01T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15706-the-biodiesel-complex-up
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A long-term biodiesel target supports future palm oil demand, but its timing and viability depend on spreads. The near-term price effect is limited.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-08-08 | [No decision yet to increase biodiesel content](https://feedsoft.ai/events/63405-no-decision-yet-to-increase-biodiesel-content.md) | -0.6% | +1.2% |
| PALMOIL | 2017-06-17 | [Palm Oil News - The Reasons Why PFMA Focuses to Biodiesel](https://feedsoft.ai/events/70370-palm-oil-news-the-reasons-why-pfma-focuses-to-biodiesel.md) | -0.6% | +2.2% |
| PALMOIL | 2020-06-09 | [Indonesia pushes biodiesel production costs down 20%  : The Daily Digest](https://feedsoft.ai/events/52488-indonesia-pushes-biodiesel-production-costs-down-20-the-daily-digest.md) | -1.1% | +0.4% |
| PALMOIL | 2020-09-18 | [Palm Oil News - Who Gets the Advantages of B30 (Biodiesel 30)](https://feedsoft.ai/events/51011-palm-oil-news-who-gets-the-advantages-of-b30-biodiesel-30.md) | -1.9% | -1.2% |
| PALMOIL | 2017-03-07 | [Malaysia’s biodiesel production to rebound this year \| The Star](https://feedsoft.ai/events/71877-malaysia-s-biodiesel-production-to-rebound-this-year-the-star.md) | -4.1% | -7.2% |

## Sources

- vespertool.com: https://vespertool.com/news/the-biodiesel-complex-up/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.