The government will fast-track and streamline licensing approvals for sustainable aviation fuel (SAF) industry activities to attract more foreign investors to Malaysia, says plantation and commodities minister Johari Ghani.
Johari told the Dewan Negara that the move aimed to position Malaysia as an SAF hub while boosting foreign investor confidence in the local industry, Utusan Malaysia reported.
“The government is streamlining the approval of licences for the construction of plants, production, and export of SAF to make it easier for industry players to operate in Malaysia.
“This move sends a strong signal of support to investors looking to engage in the sector,” he said in response to Senator Che Alias Hamid, who asked about government efforts to attract foreign investors beyond tax incentives.
Johari said the government was leveraging Malaysia’s position as the world’s second-largest palm oil producer, using raw materials like used cooking oil (UCO), palm mill effluent oil, and other palm biomass for SAF production.
Johari added that the government was raising public awareness about UCO collection and studying mechanisms to ensure the sustainability of raw materials for SAF production.
