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.
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.
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.
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.
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 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.
In December, Members of the European Parliament (MEPs) and EU member states agreed on a new law that would allow national governments to ban genetically modified (GM) crops, even if they have been approved by the European Food Safety Authority (EFSA), European Voice reports.
Indonesia, the world’s largest producer of palm oil, has asked the European Union (EU) to ease its regulations on palm oil imports, mainly to help Indonesian farmers benefit from exporting the commodity, The Jakarta Post reported in November.