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Latest OFI Magazine News

DSM and Evonik set up joint venture to produce omega-3 oils from marine algae

13 hours ago

Dutch health company Royal DSM and German chemicals producer Evonik are planning to set up a joint venture to produce omega-3 fatty acid products from marine algae for animal nutrition.

European Commission gives conditional blessing to DuPont-Dow merger

March 27, 2017

The European Commission (EC) has granted conditional regulatory clearance in Europe to the proposed merger of US chemical giants DuPont and the Dow Chemical Company.

Fish oil draft standard submitted for inclusion in Codex Alimentarius

March 27, 2017

The Codex Committee on Fats and Oils (CCFO) has finalised a fish oil draft standard to be included in the Codex Alimentarius, an international collection of food standards and safety rules.

Zenith Energy and Cargill to build palm oil storage infrastructure in Colombia

March 24, 2017

Liquid and bulk terminal company Zenith Energy LP has entered into an agreement with food and agri firm Cargill for the storage and handling of palm oil in Colombia.

EU committee calls for palm oil phase-out in biodiesel production by 2020

March 23, 2017

A committee of the European Parliament is calling on the European Commission to phase out the use of palm oil in biodiesel production by 2020 to combat deforestation.

FOSFA to repeat trade education courses in 2017

March 22, 2017

The Federation of Oils, Seeds and Fats Associations (FOSFA) will be holding its trade education courses again at the Royal Holloway University in Egham, Surrey, UK.

Desmet Ballestra acquires Mazzoni and ITT operations from Sagittario

March 22, 2017

Process engineering company Desmet Ballestra Group has reached an agreement with Italian financial company Sagittario SpA to acquire Mazzoni LB spa soap and detergent operations.

Minister sets out deadlines for Malaysian palm oil sustainability compliance

March 21, 2017

Oil palm plantation companies already certified by the Roundtable on Sustainable Palm Oil (RSPO) will have to comply with Malaysia’s own Malaysian Sustainable Palm Oil (MSPO) scheme by 31 December 2018.

Abengoa sells off its remaining European bioethanol plants

March 20, 2017

Private equity firm Trilantic Europe has agreed to purchase struggling Spanish renewable energy company Abengoa’s four bioethanol plants in Spain and France.

Castor seed production to fall 25% in India – world’s largest producer

March 20, 2017

India – the world’s largest producer of castor seed –is expected see a 25% fall in its production of this oilseed to 1.07M tonnes for the 2016/17 season, against 1.42M tonnes the previous year, according to a crop survey released by Nielsen India, reports Hindu Business Line.

Global squalene market poised to grow

March 17, 2017

The global squalene market is poised to grow through increasing consumption of cosmetics and personal care products, with the European market expected to surpass US$110M by 2022, according to a new Global Market Insights report.