Malaysian National Biomass Strategy 2020 [43] also projects the best use of oil palm biomass for higher value-added downstream activities e.g., generating bioethanol and biobased chemicals rather than those business-as-usual uses of wood products, animal feed, energy, and using biomass directly on the field as fertilizers. The biggest long-term opportunity for Malaysia is in biobased chemicals, with a forecasted global market size of RM 110–175 billion by 2020