Palm oil industry needs to collaborate with seed oil producers for sustainability, says IOI Corp group MDIOI Corporation Bhd group MD and CEO Datuk Lee Yeow Chor said the seed oil sector is also equally important for the socio-economic development of a country, similarly in the same way that palm oil has been important for Malaysia and Asia. — Picture by Yusof Mat Isa
“Innovations keep coming in, so having a multi-oils solution will create a sustainable business as different food applications require different fats composition,” he said during the second day of the virtual Malaysian Palm Oil Trade Fair and Seminar 2021 , today. “We also could develop special applications of palm oil for high-value products for hygiene, pharmaceutical and renewable fuel while making the palm oil’s competitive position more secure and sustainable in the long run,” he added.