Wedoany.com Report-Mar 28, Used cooking oil is becoming an important commodity as it can be used as a base material for the production of sustainable aviation fuel (SAF), which has low carbon emissions.
Nik Nazmi Nik Ahmad, Minister of Natural Resources and Environmental Sustainability of Malaysia, said that the use of SAF also helps combat pollution.
“Sustainable aviation fuel is expected to become a mandatory requirement at the international level in the coming years. Therefore, collecting and recycling cooking oil not only helps prevent pollution but also helps reduce the carbon emissions of the aviation sector, which is one of the highest,” he was quoted.
He also said that the aviation sector is the most difficult to decarbonize due to the lack of viable alternatives.
He added that the Malaysian government has given strong support to the initiative and hopes that more measures will be taken to regulate the entire ecosystem of the country.
“During Ramadan, we collect about 2-3 tonnes of used cooking oil per day from each bazaar. The initiative is being rolled out across the country, with its most visible presence in Kuala Lumpur. Apart from the bazaars, we are also focusing on fast food and food and beverage (F&B) outlets. We currently operate in 160,000 outlets across Malaysia,” he said.
Earlier, it was reported that the Malaysian Derivatives Exchange (Bursa Malaysia) is planning to launch a new waste vegetable oil futures contract as early as December this year. The company’s futures will be listed on top of the soybean oil futures contract.
