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Palm Oil Fuel Coming To Japan This Year: Industry Official

Thursday, May 20, 2010

TOKYO (Nikkei)--A Malaysian project to supply biomass fuel to a Japanese thermal power plant will likely start before the end of the year, Teruaki Masumoto, chairman of the Japan Energy Association, said at a Tokyo forum on Thursday.

In a panel discussion at the 16th International Conference on the Future of Asia, Masumoto said that building a cross-border fuel supply chain can create many jobs in Malaysia.

The project, which involves Tokyo Electric Power Co. (9501), is taking place at a state-run palm plantation and turns waste from palm oil production into pellets that can be used as fuel.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.