The verdict on Biofuel in Malaysia.

1. Have you heard about biofuel before?

Yes - 57 votes (72 %)

No - 22 votes (28%)

 Total votes - 79

 

2. Do you think Malaysia should venture into this area?

Yes - 48 votes (59%)

Not yet - 18 votes (23%)

No- 12 voted (15%)

Don't know - 2 votes (3%)

Total votes - 80


3. Do you think Malaysia has all the required expertise and facilities to go big on the production of biofuel?

Yes - 29 votes (38%)

Not yet - 24 votes (31%)

No- 21 voted (27%)

Don't know - 3 votes (4%)

Total votes - 77


4. Would you use biofuel to run your vehicle?

Yes - 44 votes (53%)

No - 11 votes (13%)

Maybe - 27 votes (32%)

Don't know - 2 votes (2%)

 Total votes - 84


5. Do you think tax incentives should be given to companies involved in the production of biofuel?

Yes - 43 votes (59%)

No - 12 votes (16%)

Maybe - 18 votes (24%)

Don't know - 1 votes (1%)

 Total votes - 74

 


With the current interest by Dutch investors and Malaysian companies in biodiesel, MABIC gauged public knowledge on the subject. Here, 72% of respondents were informed of biofuels while 28% were not.

Responding to query regarding the plausibility of Malaysia venturing into the area, 60% of readers believe we should, while 23% believe that it is not yet time. This is contrasted by 15% of readers who are against the nation committing to the development of biofuels.

Polled on their beliefs on Malaysia having the required expertise and resources for the production of biofuels, 29 people responded positively. This is contrasted with 24 who believe that Malaysia does not have sufficient resources and 21 who deny Malaysia’s ability of going big in its production.

Readers were then questioned on their willingness to use biofuels. Overwhelmingly, 52% acknowledged that they would, while 13% wouldn’t and 32% maintained their reserve.

It was also observed that 43 people of the 74 polled believed that companies involved in biofuel production should be given tax incentives, while 12 people disagreed, and 18 people responded with maybe.

It could be said that readers were generally supportive of the effort currently being made to develop Malaysia’s biofuel resources. However, they believe that is still to be seen whether Malaysia’s resources are capable of supporting its plans.