Article: Southeast Asia gears up for palm oil boom -
16 Sep 2007
Southeast Asian nations are gearing up for a palm oil boom as interest in biofuels soars
JAKARTA (AFP) - Southeast Asian nations are gearing up for a palm oil boom as interest in biofuels soars, but activists warn the crop may not satisfy a global thirst for energy that is both clean and green. They caution that oil palm plantations require massive swathes of land -- either what's left of the region's disappearing forests, denuded plots that would be better off reforested, or land critical to supporting local people. Governments and companies have been scrambling to cash in since palm oil prices jumped last year due to spiking demand from China, India and Europe, where biofuels should comprise 10 percent of motor fuels by 2020.
Posted By: Philippine star
15 Nov 2012
Philippine Consulate In HK Lauds CEBís Iloilo-HK Direct Service