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Under PMX nih, susah sket. PMX kuat goreng Malaysian population. And Malaysian population are very STUPID. See what happens to SAPRNG. Rafizi just leave them die hanging. While PMX is using Zafrul to gain popularity. Zafrul like any retail investor in KLSE bourse, also kuat goreng. Zafrul promote EV like there is no tomorrow. EV sales is dropping. There are so many issues. They are still struggling with batteries, mileage & infrastructure. There is so many type of batteries that I already lost count.
PMX asyik promote and liquidate Petronas assets in Sarawak. Do you think they are going to make and build huge oil & gas project in Sarawak knowing they have to share with Petros?
They are more onto GREEN agenda, pro-EU stand while EU's economy is stagnant. Germany is in recession for 2 consecutive years now. Current government is not oil & gas friendly while Malaysia is crude oil producer.
Diesel retail price has gone up. They are now going to implement B40 Biodiesel which is even more expensive. They are going to sell biodiesel in the market where 40% of that diesel is blended with palm oil. Biodiesel is estimated around 70 to 130% more expensive than diesel fuel. 1 liter of diesel produces more energy than 1 liter of biodiesel. Palm oil freezes when cold, okay?!
In Germany, 1 liter of biodiesel cost them around Euro170 per liter. This is a wholesale price. The cost of producing biodiesel is US930 per ton. Its easily can reach US1300 per ton at retail price.
While crude oil is only US73 per barrel. 10 times more cheaper than biodiesel.
When you want to sell energy fuel, you need to come out with OCTANE No. We refer to a standard from API, American Petroleum Institute. And where companies like SDG or any palm oil plantation companies going to get this no from? Petronas has their on laboratories plus API standards.
Pls ask PMX or Zafrul. I am sure 100% they don't know.
Now, they don't know how to make Malaysia great again. No more BIG things.