Malaysia is considering introducing duties on waste-based oil exports, the Malaysian palm oil board (MPOB) said to Argus today.
The potential export duties would apply to specific waste-based oils such as used cooking oil (UCO) and palm oil mill effluent (Pome) oil. MPOB did not provide specifics on possible duty rates.
This is one of several policy suggestions aimed at encouraging domestic value addition and advancing Malaysia's circular economy and renewable energy objectives, MPOB said, adding that no decision has yet been made on its implementation.
Any official announcement will be issued by Malaysia's finance ministry, it said. Malaysia currently has no export duty for waste-based UCO and Pome oil, but crude palm oil (CPO) exports are levied at 10pc of the CPO reference price set for October.
