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Latest Oils & Fats International News


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.


Kellogg’s commits to ‘environmentally appropriate’ palm oil

March 13, 2014

US multinational food producer Kellogg Co has agreed to buy palm oil only from suppliers who can prove they do not damage rain forests, reports Bloomberg.


Dried distillers grains held as China rejects GM strain

March 13, 2014

China's outstanding orders of US dried distillers' grains (DDGs), a corn-based feed ingredient, are at risk of being cancelled as the country continues to reject a genetically-modified corn strain, Bloomberg reported Shanghai JC Intelligence Co as saying.


BASF produces first commercial volumes of renewable butanediol

March 13, 2014

BASF announced early December that it had produced its first commercial quantities of 1,4-butanediol (BDO) from renewable raw materials, using patented fermentation technology licensed from California-based Genomatica that uses dextrose as the starting material.


Panama Canal set to lower US transport costs to Asia

March 13, 2014

The cost to transport grain and oilseeds from the US corn belt to Asia will drop by around 12% upon completion of the Panama Canal expansion, according to a new report by Rabobank.


China introduces levy on biodiesel imports

March 11, 2014

At the beginning of the year, China began levying a consumption tax on imported biodiesel and some types of kerosene, a customs official said, a move aimed at curbing imports of the fuel that have taken the market share from state refiners, Reuters reported in January.