Latest news with #MPOB
New Straits Times
3 days ago
- Business
- New Straits Times
Govt urges closer industry ties with MPOB to boost palm oil R&D
Previous Next BANGI: The government is inviting industry players to collaborate closely with the Malaysian Palm Oil Board (MPOB) to advance research and development (R&D) in strategic areas of the palm oil industry. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said enhanced collaboration with MPOB would lead to the commercialisation of more innovations, benefiting both entrepreneurs and the agency. "When entrepreneurs are confident in their R&D, about 70 per cent of it can be commercialised," he told reporters at the MPOB Palm Oil Technology Transfer Programme (TOT) 2025, here today. "When that happens, they benefit, and so does MPOB, which can earn royalties for endorsing these innovations," he added. In his speech, Johari said one of MPOB's initiatives is to collaborate with Kuala Lumpur Kepong Bhd's subsidiary KL-Kepong Industrial Holdings Sdn Bhd, SALCRA in Sarawak and the Johor State Agriculture Corp to commercialise animal feed technology. He said this initiative has the potential to significantly reduce import dependency and ensure the resilience of the local supply chain. Johari added that MPOB will explore research into developing eco-friendly palm-based products to replace conventional, non-sustainable alternatives. He said palm-based transformer insulating oil is currently being considered by Tenaga Nasional Bhd as a replacement for petroleum-based transformer oil in the country's power substation network. "Palm-based transformer oil has market potential estimated to reach a value of US$287 million by 2030," he said. To date, the commercialisation of MPOB technologies has generated more than RM5.9 billion in market value, contributing to operational efficiency and product value enhancement across the palm oil sector. "I am confident that the MPOB TOT Programme will benefit industry players and all attendees by providing an opportunity to interact with technology inventors and research officers.
Borneo Post
14-06-2025
- Borneo Post
Four detained, 76,800 litres of palm oil seized in Lahad Datu
The tankers used to store and transport the palm oil.- Picture coutresy of PPM W4 Sabah FB LAHAD DATU (June 14): The marine police arrested four men and seized 76,800 litres of crude palm oil in a joint raid with the Malaysian Palm Oil Board (MPOB) at a premises at Batu 15, Jalan Lahad Datu here on Friday. Sabah marine police Region 4 Commander ACP Nazri Ibrahim said the four suspects, aged between 29 and 53, were arrested at 11.40am. They were believed to be involved in activities involving oil palm products and materials without a valid licence. 'In addition to the crude palm oil, authorities also seized several lorries, oil tanks and tankers used to store and transport the palm oil. 'The total value of the seizure is about RM2.33 million, and the investigation is being conducted under Regulation 5(1)(d) of the Malaysian Palm Oil Board Regulations 2005,' he said in a statement here on Saturday. — Bernama
New Straits Times
14-06-2025
- New Straits Times
Marine police, MPOB seize 76,800 litres palm oil in Lahad Datu raid
LAHAD DATU: The Marine police arrested four men and seized 76,800 litres of crude palm oil in a joint raid with the Malaysian Palm Oil Board (MPOB) at a premises at Batu 15, Jalan Lahad Datu here yesterday. Sabah marine police Region 4 Commander ACP Nazri Ibrahim said the four suspects, aged between 29 and 53, were arrested at 11.40am. They were believed to be involved in activities involving oil palm products and materials without a valid licence. "In addition to the crude palm oil, authorities also seized several lorries, oil tanks and tankers used to store and transport the palm oil. "The total value of the seizure is about RM2.33 million, and the investigation is being conducted under Regulation 5(1)(d) of the Malaysian Palm Oil Board Regulations 2005," he said in a statement here today.
The Sun
14-06-2025
- The Sun
PPM, MPOB seize 76,800 litres crude palm oil, detain four men in Lahad Datu
LAHAD DATU: The Marine Police arrested four men and seized 76,800 litres of crude palm oil in a joint raid with the Malaysian Palm Oil Board (MPOB) at a premises at Batu 15, Jalan Lahad Datu here yesterday. Sabah PPM Region 4 Commander ACP Nazri Ibrahim said the four suspects, aged between 29 and 53, were arrested at 11.40 am. They were believed to be involved in activities involving oil palm products and materials without a valid licence. 'In addition to the crude palm oil, authorities also seized several lorries, oil tanks and tankers used to store and transport the palm oil. The total value of the seizure is about RM2.33 million, and the investigation is being conducted under Regulation 5(1)(d) of the Malaysian Palm Oil Board Regulations 2005,' he said in a statement here today.
The Sun
14-06-2025
- The Sun
Four nabbed, RM2.33m crude palm oil seized in Lahad Datu
LAHAD DATU: The Marine Police arrested four men and seized 76,800 litres of crude palm oil in a joint raid with the Malaysian Palm Oil Board (MPOB) at a premises at Batu 15, Jalan Lahad Datu here yesterday. Sabah PPM Region 4 Commander ACP Nazri Ibrahim said the four suspects, aged between 29 and 53, were arrested at 11.40 am. They were believed to be involved in activities involving oil palm products and materials without a valid licence. 'In addition to the crude palm oil, authorities also seized several lorries, oil tanks and tankers used to store and transport the palm oil. The total value of the seizure is about RM2.33 million, and the investigation is being conducted under Regulation 5(1)(d) of the Malaysian Palm Oil Board Regulations 2005,' he said in a statement here today.
