With almost 40 per cent of the oil palms cultivated by small farmers, Malaysia¡¯s 300,000 + small farmers cultivating plantations between 4 and 40 hectares in size are instrumental in producing over 18 million tonnes of palm oil every year.
What is palm oil mill effluent?
During the production of crude palm oil, a liquid by-product called palm-oil mill effluent (POME) is generated. POME is regarded as a contributor to global climate change because biogas, which consists mainly of methane, is formed naturally when it decomposes in the absence of oxygen.
How big is the palm oil market?
In 2019, the size of the Palm Oil market is projected at $81.9 billion and in the 2020-2025 forecast periods at the CAGR by 6.0%. Two types of oil can be produced, crude palm oil comes from squeezing the fleshy fruit, and palm kernel oil which comes from crushing the kernel, or the stone in the middle of the fruit.
How does Malaysia support the palm oil industry?
This demonstrates but one such initiative among many that are supported by the industry, through efforts such as the Malaysian Palm Oil Council Wildlife Fund, which funds conservation projects and rehabilitation centers. The palm oil industry is a critical source of energy, both for transportation as well as electricity generation.