Azman was speaking at a seminar-“Oleochemical Industry in Malaysia: Downstrean Expansion and Sustainability” at MIDA headquarters yesterday.
He said Malaysia with its ample supply of raw materials and available technology, is well-positioned to tap the growing demand for oleochemicals, adding that Malaysia now accounts for some 20% of the world's oleochemical production.
Other downstream oleochemical products that are being promoted include surfactants, bio lubricants, agrochemicals, glycerol additives, biopolyols, food emulsifiers, cosmetics, soap bars, laundry detergents, toothpaste and shampoo.
Malaysia, which is among the top exporters of basic oleochemical products, exported some RM11,455.6 million of the products last year to the EU, USA, China, Japan and India.
Source: MIDA and NST Business Times and StarBiz 21 Aug 2014