South East Asia the OPEC of biofuel
Thailand’s energy minister says the Association of Southeast Asian Nations is a biofuels hub with the potential to become the Organization of the Petroleum Exporting Countries (OPEC) of biofuels.
Wannarat Channukul says Indonesia and Malaysia are the top two palm exporters while Thailand has the best location for biofuels development and production in the region.
In other remarks, deputy executive director of the International Energy Agency, Richard Jones, said that if every country in the world promoted biofuels their use could surge to 25 million barrels per day by 2050.