Oils & Fats International News
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BIOVEA Energie to build oil palm waste biomass power plant in Côte d’Ivoire
Spanish engineering and construction firm TSK announced on 22 June that it will build a €156M oil palm biomass plant in Côte d’Ivoire, which will generate enough electricity to supply 1.7M people.
21 July 2021 -
Bursa Malaysia to offer night trading
Bursa Malaysia Derivatives Berhad announced on 1 July that it will be launching an after-hours night trading session by the fourth quarter of this year.
20 July 2021 -
Russian oilseed production picks up
Soyabean production in Russia is expected to reach 4.4M tonnes in 2021/22 as the country recovers from the flooded crops of the previous year when 4.3M tonnes were produced, World Grain reported on 30 June.
20 July 2021 -
Global food prices fall for the first time in 12 months
Global food commodity prices fell in June for the first time in 12 months, according to the benchmark United Nations Food and Agriculture Organization (FAO) Food Price Index released on 8 July.
19 July 2021 -
Clariant and India Glycols finalise joint venture for renewable ethylene oxide derivatives
Swiss speciality chemicals company Clariant has finalised its joint venture with India Glycols (IGL) to manufacture renewable ethylene oxide (EO) derivatives, Clariant announced on 1 July.
19 July 2021 -
USDA forecasts soyabean acreage to fall below average trade estimates
The United States Department of Agriculture (USDA) estimates that the soyabean planted area in the country will be lower than trade expectations this year, World Grain reported on 1 July.
16 July 2021 -
Argentinian union workers block access to ports around Rosario
Argentinian union workers blocked access to several ports around Rosario city on 7 July, impacting export activity in the key export hub of the Up River complex, AgriCensus reported.
16 July 2021 -
Forest Stewardship Council cuts association with Korean palm oil operator Korindo
The Forest Stewardship Council (FCS) announced on 14 July that it was ending its association with Korean timber and palm oil operator Korindo.
15 July 2021 -
Dry bulk shipping rates reach highs due to strong demand
The dry bulk shipping sector posted its best first half year performance in a decade with rates for Capesize, Panamex and Supramax vessels topping US$30,000/day, Freight Waves reported on 28 June.
15 July 2021 -
US Supreme Court backs waivers from biofuel mandate
The US Supreme Court has ruled that small refineries are eligible for hardship waivers from biofuel blending mandates without having to continuously qualify, Argus Media reported on 25 June.
14 July 2021 -
BASF expands portfolio of RSPO-certified surfactants
German chemical and biotech giant BASF has expanded its range of palm-based surfactants with Roundtable on Sustainable Palm Oil (RSPO) certification, the company announced on 30 June.
14 July 2021 -
Neste and LyondellBasell agree deal to make polymers and chemicals from renewable feedstocks
Finnish renewable fuels producer Neste and leading plastics, chemicals and refining company LyondellBasell (LYB) have agreed a long-term deal to make polymers and chemicals from renewable feedstocks, Neste announced on 17 June.
13 July 2021 -
USDA maintains forecasts for soyabean oil use in biofuels
The United States Department of Agriculture (USDA) has maintained its forecast for soyabean oil use in biofuel production in its latest report, Biodiesel magazine wrote on 10 June.
13 July 2021
