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Latest OFI Magazine News


Arrested Mafia suspects linked to olive oil fraud

February 24, 2017

Italy’s anti-mafia police arrested 33 suspects and seized about US$42.8M in assets in an operation targeting the Calabrian mafia’s Piromalli clan, whose illegal activities allegedly included exporting fake extra virgin olive oil, reports Business Standard.

 


Kraft Heinz drops Unilever takeover bid

February 23, 2017

American food giant Kraft Heinz has abandoned its takeover attempt of Anglo-Dutch rival Unilever in what would have been one of the biggest corporate deals in history.

 


St1 to launch bioethanol pilot project in Thailand

February 22, 2017

Finnish energy company St1 has signed a Memorandum of Understanding with Ubon Bio Ethanol to launch a pilot project producing bioethanol from cassava waste, St1 announced in January.


Petrobras completes sale of stake in Guarani as it exits biofuels sector

February 21, 2017

Brazil's state-run oil company Petrobras completed the sale of its 45.9% stake in sugar and ethanol producer Guarani to France's Tereos International for US$202.8M on 3 February as it exits the biofuels sector to reduce its debts (see Biofuel News, OFI February 2017).

 


Urgent action on China’s increased tariffs on US ethanol and DDGS urged

February 20, 2017

Three US grain and ethanol industry groups representing have written to US president Donald Trump to urgently address China’s increased tariffs on US ethanol and its by-product – distillers’ dried grains (DDGS) (see Biofuel News, OFI February 2017). 


Brazil plans to ease limits on foreign purchases of agricultural land

February 17, 2017

Brazil is planning to ease restrictions on foreign purchases of agricultural land in a bid to rekindle economic growth, according to a Reuters report on 2 February.

 


DuPont and Dow willing to sell assets to ease competition concerns

February 16, 2017

US chemical giants DuPont and Dow Chemical said on 7 February that they are willing to sell assets to address EU competition concerns about their planned US$130bn merger, which would create the world’s largest crop protection and seed company, reports Reuters.


Launch of Solidaridad and RSPO smallholder certification programme in Côte d’Ivoire

February 15, 2017

A joint project between the RSPO (which provided funding) and Solidaridad West Africa-Côte d’Ivoire, will be implemented in the next three years to target 5,000 Ivorian smallholders to help sustainable palm oil production become the norm, the RSPO announced on 3 February.


Slump in vegetable oil demand

February 14, 2017

Prices for vegetable oils have fallen from their high levels with ample supply, decreasing demand and the firm euro rate sending asking prices on a slide, Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) said on 8 February.


EU countries reject new GM crops for cultivation

February 13, 2017

EU member states have rejected a European Commission (EC) proposal to authorise the first new GM crops for cultivation since the late 1990s, reported FoodIngredientsFirst on 30 January.

 


Drone company to track emissions from ships

February 10, 2017

Drone company Coptrz has enabled its sister company Martek Marine to win a ship emissions assessment contract from the European Maritime Safety Agency worth £8.5M (€10M).