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Latest Oils & Fats International News

Wilmar agrees to purchase European commodity surfactants arm of Huntsman

July 31, 2014

Huntsman Corporation, USA and Asian agribusiness group Wilmar International announced on 10 April that Wilmar’s wholly-owned subsidiary, Wilmar Europe Holdings BV, had agreed to purchase Huntsman’s European commodity surfactants business for an undisclosed sum.

Biofuels consumption up by 4% to reach 14.3M tonnes

June 03, 2014

EurObserv’ER released in March the 2013 edition of its renewable energy report, which said that final energy consumption from renewable resources increased significantly in 2012, Ethanol Producer Magazine reports.

Commission to end investment aid for food-based biofuels

June 03, 2014

The European Commission (EC) has stated that it would consider investment aid in a new and existing capacity for food-based biofuel unjustified “in view of the overcapacity of the food-based biofuel market”. The view was expressed as part of new rules on public support for environmental protection and energy projects, which the EC adopted on 9 April.

US finance committee extends tax breaks

June 03, 2014

The US Senate Finance Committee approved a tax credit extension package on 3 April that includes several biofuel and bioenergy provisions, reports Platts.

Leading Brazilian ethanol producer cuts investment

June 03, 2014

Brazil’s second-largest sugar and ethanol producer, BioSev SA – controlled by French commodities trader Louis Dreyfus – announced in March it would pare back its investment plans to align itself with what it considers “a prolonged downward cycle… and depressed prices” in the sector, Reuters reports.

COFCO buys majority 51% stake in Nidera

April 15, 2014

China’s biggest grains trader, Cofco Corp, announced in February it was buying a 51% stake in Dutch peer Nidera, in a deal that would give the world’s most populous country direct access to South American grain and oilseed supplies, Reuters reports.

US 2015 budget proposal calls for cuts to fossil fuel subsidies

April 15, 2014

US President Barack Obama’s Fiscal Year 2015 budget proposal released on 4 March calls for extending a tax credit for cellulosic biofuels and puts forward the idea of cutting billions in fossil fuel subsidies, Ethanol Producer Magazine reports.

Syngenta halts sales of GM corn seed in Canada

April 15, 2014

In March, Syngenta AG said it had halted commercial sales in Canada of corn seed containing a new and controversial genetically modified (GM) trait because major importers had not approved the product, Reuters reports.

Viterra acquires assets of Lethbridge Inland Terminal

April 15, 2014

Canadian grain and oilseed handling leader, Viterra Inc, announced on 28 February that it had completed its acquisition of certain assets of Lethbridge Inland Terminal Ltd, including a high-throughput grain elevator with a capacity of 42,000 tonnes.

Elevance gives 2016 start date for biorefinery in Mississippi

April 15, 2014

Following the successful start-up of its first world-scale joint venture biorefinery in Indonesia, Elevance Renewable Sciences says that its second biorefinery would begin operations in 2016 in Natchez, Mississippi, USA in order to expand production of its high-value performance speciality chemicals, olefins and oleochemicals.

ePure files complaint over US ethanol imports via Norway

March 13, 2014

The European Renewable Ethanol Association (ePURE) filed a complaint in January with the European Commission (EC)’s office of complaints aimed at stopping the circumvention of European Union (EU) anti-dumping duties on fuel ethanol.