On 17 October, the European Commission (EC) formally presented its proposed new rules governing biofuels and their impact on energy and climate change, which delayed the implementation of any crop-specific measures on indirect land use change (ILUC) (see also News, OFI Oct/Nov 2012).
Agribusiness giant Cargill has joined with chemicals player Huntsman and petroleum trader Unipec UK (London) to make a commitment to chartering only the most efficient vessels operating in the international shipping market, and thereby to reduce related carbon emissions.
Support in USA for GM labelling. The US Food and Drug Administration (FDA) has received over one million comments in response to a petition on whether or not food containing genetically modified materials should be labelled for the consumer, Soyatech reports.
Felda achieves US$3.3bn in IPO. Shares in Malaysian palm oil giant, Felda Global Ventures Holdings Bhd, surged as high as 20% on the day of its initial public offering (IPO) on 28 June, Reuters reports.
Solvay to build second glycerine-to-epichlorohydrin plant in Asia. Solvay SA announced in early June that it would build a E155M (US$194M) 100,000 tonnes/year epichlorohydrin (ECH) plant in China’s Taixing Economic Development Park, through its Thai affiliate, Vinytha
The Commodity Futures Trading Commission (CFTC), the US federal regulator for derivatives trading, voted on 18 October to approve rules to curb speculative trading, mandated by the provisions of the federal Dodd-Frank overhaul of financial regulations.