Saturday April 7, 2007
Biofuel project firm given five years to produce results
Datuk Ramly Zahari: When you mention that previous studies had confirmed that the project was cost-effective, did you question the studies' on whether they included the environmental cost of the project? I know that oil palm contributes a lot to our economy, it is probably time we find a feasible solution to counter the environmental impact it has.
- Did the studies include the social cost(environmental cost) of producing biofuel.
- Would this have any effect on the cooking oil market? (Most vegetable oil are, to my knowledge, derived from oil palm)
- Five years to produce what type of results? Profits? Social impact? Job creation?
- Five years enough? We are talking about an alternative to petroleum, which is by far cheaper.
- Is biofuel really efficient?