Why is the oil palm industry important in Malaysia?
The oil palm industry is one of the most important agroindustries for rural development in Malaysia. It provides direct employment to nearly 1 million of Malaysia¡¯s population and indirect employment to another 250,000 individuals (MPOC, 2020). Besides, it also accounts for 7.0% of the country¡¯s national gross domestic product (MPOC, 2020).
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.
Are palm oil mills wastes a source of energy and water?
Kramannandita, R., Bantacut, T., Romli, M., & Makmoen, M. (2014). Utilizations of palm oil mills wastes as source of energy and water in the production process of crude palm oil. Chemistry and Materials Research, 6 (8), 46¨C53.
What are the major oil palm processing by-products?
Major oil palm processing by-products, namely, POME and solid biomass, are utilised as feedstock to produce renewable energy and organic fertilisers. They are also used to recover water. These resources are critical for the oil palm industry. Integrated zero-waste oil palm processing strategy (Teow & Takriff, 2021)