US EditionThe great Malaysian cooking oil arbitrage
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The great Malaysian cooking oil arbitrage
Malaysian cooking oil subsidies and EU biofuel mandates have created an arbitrage opportunity where fresh oil can be bought cheap, relabelled as 'used', and sold at a profit to aviation fuel producers....the Straits Times and Climate Home News recently reported on a striking scheme in Melaka, Malaysia, where locals were selling cooking oil that would eventually be used to supply European producers of aviation fuel. The underlying idea of turning…
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