Reuters: Malaysia and Indonesia will cooperate in a biofuel development program, and may use the same biofuel specifications and amount of blending, Malaysia’s commodities minister said on Tuesday. Indonesia and Malaysia, the world’s top two palm oil producers, together account for more than 80 percent of the world’s crude palm oil output. “We hope to sign MOU (Memorandum of Understanding) with Indonesia. Such agreement will encourage a policy of palm-based biofuel that both …