Biofuel Indus Boosts Palm Oil Equipment Sales

Growing interest in biodiesel is proving to be a boon not only for the palm oil industry, but also for companies providing support services, such as equipment makers.

Oiltek Sdn Bhd, a Malaysian supplier of palm oil refining machinery and equipment, said the rapid expansion of the biodiesel sector currently taking hold all over the world has opened up vast and new business opportunities.

“The (palm oil) processing industry is quite mature already. The challenge is to have new processes and new technologies coming up. In terms of traditional use of palm oil for food purposes, it is already established and you won’t see much of a dramatic increase. But in the area of technical use of the oil, that is something that can be dramatic,” Oiltek’s Managing Director Wong Seong said in a recent interview.

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