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ClearScore swoops for Argos and Asda partner Aro Finance ( | 0.00 | )

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CFPB says unit of Warren Buffett's Berkshire Hathaway ignored red flags in manufactured home loans ( | 0.00 | )

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The Standart Business

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Daily Mirror Money

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WashingtonPost Business

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Daily Mirror Money

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News18 Business

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Daily Mirror Money

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Latest News

Govt to strengthen collaboration with TNB, Energy Commission for renewable energy integration

<img src="https://thesun.my/binrepository/400x300/0c37/400d225/none/11808/LWGP/p13-johari-pocpoc-j_5001806_20250225202722.jpg">PETALING JAYA: The government will strengthen collaboration with Tenaga Nasional Bhd (TNB) and the Energy Commission (ST) to enhance grid connectivity, ensuring that renewable energy generated from the palm oil industry can be effectively integrated into the national power system.Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said this initiative is crucial for optimising Malaysia’s renewable energy potential and aligns with TNB’s long-term investment strategy in sustainable energy infrastructure. “The government recognises that palm oil by-products, such as mesocarp fibre, empty fruit bunches and palm kernel shells, represent an untapped energy resource that can be converted into biomass energy, significantly contributing to the nation’s renewable energy goals.“Beyond supporting Malaysia’s clean energy transition, renewable energy presents significant opportunities for foreign direct investment. It positions Malaysia as an attractive destination for investors seeking to participate in the shift towards sustainable and low-carbon energy solutions,” he said in a press conference held in conjunction with the 36th Palm & Lauric Oils Price Outlook Conference & Exhibition 2025 today.Johari emphasised that the potential within the palm oil sector is substantial, given that Malaysia has 450 palm oil mills nationwide. “Each 60-tonne-per-hour mill has the capacity to generate between 5 and 7 megawatts (MW) of electricity. If harnessed effectively, the total power output from the industry could exceed 2,000MW, a significant addition to the national energy supply.Despite the opportunities, Johari said, one of the biggest challenges faced by the industry is the lack of grid connectivity, which prevents many mills from transmitting their excess energy. “Currently, some palm oil mills generate surplus power but are unable to supply it to the national grid due to the absence of necessary infrastructure. To resolve this, the government will work closely with TNB and ST to identify palm oil mills that are ready for grid integration and facilitate the necessary investments to connect them. “This step is vital for ensuring that renewable energy from the palm oil sector can be fully utilised rather than wasted, helping Malaysia reduce its dependency on fossil fuels while improving energy security.” Johari disclosed that private sector interest in waste-to-energy investments is growing, with companies willing to finance the development of energy infrastructure in the palm oil sector. “There are already investors who have approached us, stating that they are not necessarily interested in the palm oil business itself, but rather in the energy sector linked to palm oil waste. They see strong investment potential in turning palm biomass into electricity.”Johari said replantation is a critical component in ensuring the long-term sustainability and productivity of Malaysia’s palm oil industry. Increasing the replantation rate is essential, he added, given the country’s commitment to zero deforestation and the need to boost yields without expanding land use.In 2024, Johari noted, Malaysia managed to replant only 114,000 hectares, which is a decline from the 132,000 hectares replanted in 2023. “This falls significantly short of the recommended target of at least 4% per year, or approximately 255,000 hectares. Failure to meet this target could negatively impact the industry’s future, as ageing palm trees result in lower yields and reduced efficiency.”To address these challenges, Johari said, the government is prioritising the use of high-quality planting materials, ensuring that smallholders receive the preferred Tenera Hybrid instead of low-quality variants that could compromise long-term yields. He also underscored the importance of supporting smallholders, who manage about 1.5 million hectares of oil palm plantations but often face challenges due to lack of scale and knowledge. “If smallholder yields could be increased by just 5 metric tons per hectare, Malaysia could boost crude palm oil production by 1.5 million metric tons, without requiring additional land,” he noted.

· 1 month from now

US warns China over Taiwan military drills, reiterates opposition to forceful changes

The Trump administration on Tuesday warned China after Beijing announced joint military exercises around Taiwan involving its army, navy, air force, and rocket force, with the White House reiterating its opposition to any unilateral efforts to change the status quo through force or coercion.

· 1 day from now

Trump, Egypt's Sisi discuss efforts to restore regional stability & protect Red Sea trade

The Iran-aligned Houthis have carried out more than 100 attacks on shipping since Israel’s war with Hamas began in late 2023, The new American operation against the Houthis under Trump appears more extensive than those under former President Joe Biden, as the US moves from solely targeting launch sites to firing at ranking personnel and dropping bombs in cities.

· 1 day from now

Premier League To Adopt Semi-Automated Offside Technology Starting April 12

Semi-automated offside technology is designed to improve the accuracy of tight offside calls by making parts of the process automatic. The system will debut in the English top-flight after its implementation in English football in seven of the eight FA Cup fifth round ties in March.

· 1 day from now

Prince Harry's cut ties with Princess Eugenie, Piers Morgan claims

Broadcaster Piers Morgan claims Prince Harry's cut ties with Princess Eugenie because of him.

· 10 hours from now

National weather forecast for Tuesday April 6

National weather forecast for Tuesday April 6.

· 10 hours from now

Thousands of people evacuated after volcanic eruption in Iceland

Thousands of people have been evacuated after a volcano erupted in south-western Iceland, near the country's capital.

· 10 hours from now

Election campaign trail heads to key state of Victoria today

Peter Dutton and Anthony Albanese take their election campaigns to Victoria, with key swing seats up for grabs.

· 10 hours from now

More rain on the way for flooded outback Queensland

More rain expected to hit south-east Queensland today as outback regions remain in the grip of a flood emergency.

· 10 hours from now

US prosecutors to seek death sentence for accused killer Luigi Mangione

US prosecutors to seek death sentence for Luigi Mangione, accused killer of healthcare boss.

· 10 hours from now

Business

ClearScore swoops for Argos and Asda partner Aro Finance ( | 0.00 | )

CFPB says unit of Warren Buffett's Berkshire Hathaway ignored red flags in manufactured home loans ( | 0.00 | )

Insurers limit coverage of prosthetic limbs, questioning medical need ( | 0.00 | )

Court orders WestJet to hand over flight attendant harassment files in class-action lawsuit ( | 0.00 | )

Nearly 25,000 people filed tax returns on first day of 2025 ( | 0.00 | )

Who is Joel Kaplan, Meta's new President of Global Affairs and Trump's latest ally in Big Tech? ( | 0.00 | )

This Investment Scam Targets Unemployed, Students, Homemakers, Know What Is Pig Butchering ( | 0.00 | )

U Mobile to play major role in Felda’s digital transformation ( | 0.00 | )

Primark shoppers praise 'comfiest ever' knitted outfit that looks 'so chic' ( | 0.00 | )

7% of people making money resolutions see them ‘hang in tatters’ a week later ( | 0.00 | )

UK service firms slash jobs at fastest rate for almost four years ( | 0.00 | )

Trump aides ready ‘universal’ tariff plans — with one key change ( | 0.00 | )

Warning to state pensioners with less than £10,000 in savings or investments ( | 0.00 | )

ITC Demerger: ITC Shares Trade At Rs 455.8 After Special Session For Price Discovery; Check Details ( | 0.00 | )

New Look to 'speed up' store closures due to Budget tax changes - with 90 sites 'at risk' ( | 0.00 | )

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