Officials of top palm oil growers, Malaysia and Indonesia, will visit Brussels this week to voice their objection to the European Union’s (EU) Delegated Act that restricts the use of the edible oil in biofuel, according to a statement from Malaysia’s Ministry of Primary Industries.
A joint mission from Malaysia and Indonesia, which together supply about 85% of the world’s palm oil, will travel to Brussels on April 8-9.
The European Commission plans to restrict the types of biofuels from palm oil that may be counted toward the EU’s renewable-energy goals and has toughened goals to reduce greenhouse gases blamed for climate change.
A council of producing nations called the law “scientifically flawed”.
Malaysia and Indonesia have warned that they are ready to retaliate against what they see as “discriminatory” rules.
“Such misleading interpretation of the production of palm oil will be detrimental towards countries which depend on this industry to raise the socio-economic wellbeing of their people, and ignores the sustainable efforts undertaken to achieve the United Nation Sustainable Development Goals,” according to the ministry. — Bloomberg