Singapore (ANTARA News) - Singapore faces tough competition from palm oil giants Malaysia and Indonesia as Asia's biofuel refining hub, according to a study published Saturday.
To better compete, the city-state plans to focus on more advanced second generation biofuel technology to producer higher quality, said Spire Research and Consulting.
Singapore needs to leverage on its existing oil refinery base, oil logistics sector and "above all, its government's ability to act quickly and invest in infrastructure ahead of demand," according to Spire's findings published in The Business Times.
Most global biofuel makers select refinery sites based on easy access to production input, infrastructure and raw materials, the study was quoted by DPA as saying.
Three refineries being developed in Singapore by Australia's Natural Fuel, Peter Cremer and Kulim Group and Continental Bioenergy will produce more than 200,000 tonnes of biofuel annually, the study said.
Six refinery projects in Malaysia will produce more than 300,000 tonnes per annum (tpa) and more than 14 in Indonesia will produce 70,000 tpa.
Regional countries with comprehensive plans to develop biofuel refineries include India, China, Indonesia and Malaysia, the study said.
China however dwarfs them with a capacity of 3 million tonnes per annum. (*)