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Malaysia signed a deal with Shanxi Construction to build a hydrogenated vegetable oil plant in Johor. The plant will produce second-generation biodiesel and biojet fuel.
The Commodities Ministry announced the agreement.
New HVO capacity adds a future feedstock demand source for palm oil, though the plant's effect on near-term prices is limited. It supports Malaysia's biofuel ambitions.
reuters.comDec 13, 2021After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
