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Latest Oils & Fats International News

First Sustainable Oils and Fats Congress

February 12, 2015

The 1st Sustainable Oils & Fats International Congress (SOFIC) will take place on 16-17 June 2015 in Paris, France. 

ADM sells stake in Barcarena export terminal to Glencore

February 11, 2015

Archer Daniels Midland Company (ADM) announced on 3 February that it had agreed to sell a 50% stake in its export terminal in Barcarena, Brazil to Glencore Plc.

Dispiriting start to the year for biofuels

January 22, 2015

In the European Union (EU), biofuel industry buzzwords for the start of the year are 'ILUC', 'decarbonisation' and 'greenhouse gas reduction'. Delegates from all over the world gathered at the 'Fuels of the Future' conference, held in Berlin from 19-21 January 2015, to consider these and many other issues arising in the EU in the lead-up to 2020. 

China approves imports of biotech crops

January 13, 2015

​China has officially approved the import of genetically modified (GM) crops, including a corn variety developed by Syngenta AG, a soyabean variety developed by DuPont Pioneer and another soyabean variety from Bayer CropScience AG, Crop Biotech Update reports. The approval for Syngenta’s Viptera corn covers corn grain and processing byproducts, such as dried distillers’ grains for human and animal consumption.

India’s edible oil import expected to hit US$15bn

January 07, 2015

India’s import bill for edible oils is expected to touch US$15bn, a 61% increase from US$9.3bn during 2013-14 oil year, Cocommunity reported in December.

Ethanol and sugarcane prices linked in India

January 07, 2015

In December, the Indian Sugar Mills Association (ISMA) said it welcomed the government’s decision to link the ethanol price to the sugarcane price, saying that ethanol blending would save foreign exchange to the tune of Rs5,000 crore (US$800M), The Economic Times reports.

Cofco IPO plans to include Noble Group and Nidera

January 05, 2015

China’s massive state-run grain trading company, Cofco, is planning an initial public offering (IPO) that could take up to three years to complete, Global AgInvesting reported in October. The IPO will include the trading and agricultural assets of Noble Group and Nidera, which were acquired earlier this year.

Continuation of EU biofuel strategy threatened, says UFOP

January 05, 2015

Industry body the Union zur Förderung und Oel- und Proteinpflanzen (UFOP) said last October that it feared the EU decarbonisation strategy in the transport sector would be phased out if there was no update to the initial targets for the reduction of greenhouse gas (GHG) emissions in the sector, which are binding for all member states.

Stena increases freight costs following new ECA regulations

January 05, 2015

Swedish ferry operator Stena Lines has become the latest company to warn of an economic shift following the introduction of stricter rules on sulphur emissions, including charging higher freight costs as a result of new regulations.

LanzaTech, IOC-DBT recycles CO2 into omega-3 fatty acids

January 05, 2015

In Illinois, USA, LanzaTech and a research team from the IOC-DBT Center for Advanced Bio-Energy Research (an entity co-funded by India’s Department of Biotechnology and Indian Oil Corporation Limited) have announced the development of a new process to recycle carbon dioxide (CO2) emissions into omega-3 rich fatty acids. 

Malaysia’s oleochemical exports to climb to US$343.3M

December 12, 2014

Malaysia’s oleochemical exports are expected to climb 20% to surpass RM11.2bn (US$343.3M) this year, thanks to manufacturers’ efforts in upgrading their fatty acids and fatty alcohol throughput, My Palm Oil reported in December.