马来西亚预计将因美伊战争爆发而吸引更多数据中心投资兴趣，SD Guthrie Bhd. 表示，这为这家棕榈油巨头暨马来西亚最大土地拥有者提供了借势发展的机遇。
Malaysia is expected to attract more interest as a data center hub following the outbreak of the US-Iran war, according to SD Guthrie Bhd., giving the palm oil giant and country’s biggest landowner an opportunity to capitalize on the boom.
即便在中东冲突爆发前，马来西亚已吸引包括 Alphabet Inc. 旗下 Google、Amazon.com Inc. 及 Microsoft Corp. 在内的企业投资建设数据中心。周末，总理安瓦尔·易卜拉欣表示，软银集团创始人孙正义已在马来西亚选定地点，投资 500 亿美元发展科技产业。
Even before the Middle East conflict, Malaysia was already drawing data center investment from companies including Alphabet Inc.’s Google, Amazon.com Inc. and Microsoft Corp. Over the weekend, Prime Minister Anwar Ibrahim said Masayoshi Son of SoftBank Group Corp. chose locations in the country for $50 billion in technology investments.
虽然孙正义的投资决定未提及战争因素，但 SD Guthrie 总裁兼集团首席执行官 Mohd Haris Mohd Arshad 称，马来西亚是东南亚建设数据中心“最稳定的国家”。这家按种植面积计算的全球最大棕榈油种植商此前已透露，计划利用部分低产土地发展工业用地，以分享数据中心热潮红利。
While the war wasn’t cited as a factor in Son’s investment, SD Guthrie President and Group Chief Executive Officer Mohd Haris Mohd Arshad said Malaysia was the “most stable country” in Southeast Asia for building data centers. The world’s biggest palm oil planter by acreage previously flagged plans to use some of its lower-yielding land for industrial development to tap into the data center boom.
Haris 在周五接受外媒采访时表示（这是他 1 月上任以来首次接受外媒采访），中东因能源选择丰富，原本对数据中心投资极具吸引力，但战争加剧了该地区风险。
The Middle East had been particularly attractive for data center investment because of its abundant energy options, but the war has heightened risks in the region, Haris said during an interview on Friday, his first with foreign media since taking the helm in January.
“如果你要投资 100 亿美元建设数据中心，不会把它建在可能被炸的地方，”他说。“我们正乘着投资涌入马来西亚的这波浪潮，”Haris 补充道。
“If you’re gonna build data centers for $10 billion, you’re not gonna put it in a place where you might be bombed,” he said. “We are riding that wave of investment that is coming into” Malaysia, Haris added.
涌入马来西亚的数据中心投资中，很大一部分指向与新加坡毗邻、土地资源受限的柔佛州。但随着投资承诺不断落地，Haris 警告，必须解决能源制约问题，该地区才能充分释放潜力。
A large share of data center investment flowing into Malaysia has been earmarked for Johor, which is adjacent to land-constrained Singapore. But as investment pledges roll in, Haris warned that energy constraints will need to be addressed for the region to realize its full potential.
据官员透露，数据中心已与马来西亚国家电力公司签署协议，峰值需求高达 8.77 吉瓦，相当于 2025 年装机容量的近三分之一。如果该行业要继续扩张，将需要更多发电量。据惠誉旗下 BMI 预测，到 2031 年，柔佛州的数据中心可能消耗马来半岛能源供应的多达 23%。
Data centers have signed agreements with Malaysia’s power utility Tenaga Nasional Bhd. for as much as 8.77 gigawatts of peak demand, according to officials, equivalent to almost a third of 2025 installed capacity. More power generation will be needed if the industry is to expand. In Johor, the centers could consume as much as 23% of Peninsular Malaysia’s energy supply by 2031, according to BMI, a Fitch Solutions company.
SD Guthrie 拥有超过 21 万公顷（51.9 万英亩）永久产权土地，是马来西亚最大的土地所有者，并已将目前土地储备的约 10% 指定用于工业开发，以及可再生能源资产。哈里斯表示，这家棕榈油生产商预计，到本世纪末，工业开发收入将占其营收的三分之一。
SD Guthrie has over 210,000 hectares (519,000 acres) of freehold land, making the company Malaysia’s largest landowner, and has earmarked roughly 10% of its current landbank for industrial development, along with renewable energy assets. The palm oil producer expects income from industrial development to account for a third of its revenue by the end of the decade, Haris said.
即便在寻求利用数据中心热潮之际，SD Guthrie 的核心棕榈油业务面临的供应前景却更加不明朗。哈里斯表示，尽管遭遇严重厄尔尼诺现象，马来西亚明年产量预计将维持在 2000 万吨左右的稳定水平，但印尼各地的干旱天气可能会扰乱作物生长并推迟果实成熟。该公司在两国均经营种植园。
Even as it seeks to capitalize on the data center boom, SD Guthrie’s core palm oil business faces a more uncertain supply outlook. Haris said Malaysian production is expected to remain steady at around 20 million tons next year despite a severe El Niño, although dry weather across Indonesia will likely disrupt crop development and delay fruit ripening. The company operates plantations in both countries.
哈里斯说：“担忧在于印尼。”他补充称，野火引发的烟霾正在拖慢加里曼丹岛和苏门答腊岛种植园的采收进度，并可能拖累生产率。“印明年可能在作物规模上举步维艰，这进而可能成为行业的供应问题。”作为世界第二大种植国，马来西亚目前正面临供应过剩，但哈里斯预计库存将从 2 月或 3 月开始下降，有助于支撑价格。他预期基准棕榈油期货将在 2027 年第一季度末攀升至每吨 5000 令吉（1224 美元）左右，理由是产量放缓而需求坚挺。目前期货价格徘徊在每吨 4800 令吉附近。
“The concern is in Indonesia,” said Haris, adding that haze stemming from wildfires is slowing harvesting at estates in Kalimantan and Sumatra and could weigh on productivity. “Indonesia may potentially struggle with crop size next year and this could then become a supply problem for the industry.”Malaysia, the world’s second-biggest grower, is currently grappling with a supply glut but Haris sees stockpiles starting to decline by February or March, helping to support prices. He expects benchmark palm oil futures to climb to around 5,000 ringgit ($1,224) a ton by the end of the first quarter of 2027 on slowing output and firm demand. They are currently near 4,800 ringgit a ton.
SD Guthrie 热衷于在印度尼西亚扩张，尽管国家对大宗商品行业加强管控，在生产商中制造了一些“不确定性和焦虑”，Haris 表示。他补充说，公司的运营未受政策转向干扰，这些转向包括集中出口管制的计划。
SD Guthrie is keen to expand in Indonesia even as greater state control over the commodities sector creates some “uncertainty and angst” among producers, Haris said. The company’s operations haven’t been disrupted by the policy shifts, he added, which include plans for centralized export controls.
“只要有合适的收购资产和合适的合作伙伴，我愿意加倍投入印度尼西亚，”Haris 说。“这可能不在上游，但我对下游相当感兴趣。”
“I would be willing to double down on Indonesia, with the right assets to acquire and with the right partners,” Haris said. “It may not be in upstream, but I’m quite interested to look at downstream.”