Why? I think Petronas derived most of its income by selling oil to foreigners as our Tapis Crude is of high quality. It will not affect Petronas. Even if we venture into bio diesel, it is still a blend of palm oil and diesel, so, you still need diesel. If we ever wanted to create a biofuel industry, I think Petronas would be the government vehicle to promote such venture as they are in the energy business. Other foreign oil company such as Shell and BP do invest in renewable energy,so, Petronas involvement in non-renewable fossil fuel does not mean that they cannot involve in renewable energy.

But I think the prospect for palm oil based bio diesel is rather dim due to the outcry from Europe and US about us clearing our forest for palm oil. So, they will be highly unlikely to purchase from us. Leaving them out would take away two major market and leave us with China. As for China, why would they want to use Bio Fuel? We can't rely on Malaysian market alone as it is way too small.