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Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach

With an increasing concern over world population, energy security, volatile fuel prices and rising in greenhouse gas emissions, many countries are considering to a more friendly alternative fossil fuels. United States and also the European Union has already introduce of legislation mandating the use...

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Main Authors: Applanaidu, Shri-Dewi, Zainal Abidin, Norhaslinda, Sapiri, Hasimah, M Zabid, M Faeid
Format: Article
Language:English
Published: The Canadian Center of Science and Education 2015
Subjects:
HD Industries. Land use. Labor
Online Access:https://repo.uum.edu.my/id/eprint/30755/1/ASS%2011%2025%202015%20190-203.pdf
https://repo.uum.edu.my/id/eprint/30755/
https://ccsenet.org/journal/index.php/ass/article/view/49960
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spelling my.uum.repo.307552024-04-30T13:07:06Z https://repo.uum.edu.my/id/eprint/30755/ Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach Applanaidu, Shri-Dewi Zainal Abidin, Norhaslinda Sapiri, Hasimah M Zabid, M Faeid HD Industries. Land use. Labor With an increasing concern over world population, energy security, volatile fuel prices and rising in greenhouse gas emissions, many countries are considering to a more friendly alternative fossil fuels. United States and also the European Union has already introduce of legislation mandating the use of biofuels in the energy mix. This action has stimulated the demand for vegetable oils. Malaysia is currently the largest palm oil exporter and the second largest producer after Indonesia has launched her palm-based biodiesel blending mandate of 5 percent (B5) in year 2011. However the mandate has not been implemented nationwide. Thus, this study, therefore seeks to contribute to our understanding of the impacts of various blend mandates specifically B5, blending mandate of 7 percent (B7) and blending mandate of 10 percent (B10) on the Malaysian crude palm oil market stock and price. A system dynamics model was developed for the Malaysian palm oil industry which provides a framework to understand the feedback structure and how changes in various blend mandates impact the behaviour of the crude palm oil stock and price. This research suggests that increasing the blending rate is not a favourable policy, although it managed to decrease the crude palm oil stock to the targeted level but it does not contribute to palm-based biodiesel industry production due to loss in terms of profitability because of high crude palm oil prices The Canadian Center of Science and Education 2015 Article PeerReviewed application/pdf en cc4_by https://repo.uum.edu.my/id/eprint/30755/1/ASS%2011%2025%202015%20190-203.pdf Applanaidu, Shri-Dewi and Zainal Abidin, Norhaslinda and Sapiri, Hasimah and M Zabid, M Faeid (2015) Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach. Asian Social Science, 11 (25). pp. 190-203. ISSN 1911-2017 https://ccsenet.org/journal/index.php/ass/article/view/49960
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HD Industries. Land use. Labor
spellingShingle HD Industries. Land use. Labor
Applanaidu, Shri-Dewi
Zainal Abidin, Norhaslinda
Sapiri, Hasimah
M Zabid, M Faeid
Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach
description With an increasing concern over world population, energy security, volatile fuel prices and rising in greenhouse gas emissions, many countries are considering to a more friendly alternative fossil fuels. United States and also the European Union has already introduce of legislation mandating the use of biofuels in the energy mix. This action has stimulated the demand for vegetable oils. Malaysia is currently the largest palm oil exporter and the second largest producer after Indonesia has launched her palm-based biodiesel blending mandate of 5 percent (B5) in year 2011. However the mandate has not been implemented nationwide. Thus, this study, therefore seeks to contribute to our understanding of the impacts of various blend mandates specifically B5, blending mandate of 7 percent (B7) and blending mandate of 10 percent (B10) on the Malaysian crude palm oil market stock and price. A system dynamics model was developed for the Malaysian palm oil industry which provides a framework to understand the feedback structure and how changes in various blend mandates impact the behaviour of the crude palm oil stock and price. This research suggests that increasing the blending rate is not a favourable policy, although it managed to decrease the crude palm oil stock to the targeted level but it does not contribute to palm-based biodiesel industry production due to loss in terms of profitability because of high crude palm oil prices
format Article
author Applanaidu, Shri-Dewi
Zainal Abidin, Norhaslinda
Sapiri, Hasimah
M Zabid, M Faeid
author_facet Applanaidu, Shri-Dewi
Zainal Abidin, Norhaslinda
Sapiri, Hasimah
M Zabid, M Faeid
author_sort Applanaidu, Shri-Dewi
title Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach
title_short Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach
title_full Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach
title_fullStr Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach
title_full_unstemmed Impact of Various Palm-Based Biodiesel Blend Mandates on Malaysian Crude Palm Oil Stock and Price: A System Dynamics Approach
title_sort impact of various palm-based biodiesel blend mandates on malaysian crude palm oil stock and price: a system dynamics approach
publisher The Canadian Center of Science and Education
publishDate 2015
url https://repo.uum.edu.my/id/eprint/30755/1/ASS%2011%2025%202015%20190-203.pdf
https://repo.uum.edu.my/id/eprint/30755/
https://ccsenet.org/journal/index.php/ass/article/view/49960
_version_ 1797922854409338880
score 13.211869

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