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Latest Oils & Fats International News


FGV refinery and logistics deal

July 19, 2013

Malaysia’s Felda Global Ventures Holding Bhd, through its subsidiary, Felda Global Ventures Downstream Sdn Bhd, signed on 17 April an asset purchase agreement with Mission Biotechnologies Sdn Bhd to acquire its refining and logistics infrastructure, Biodiesel Magazine reports. 


Monsanto wins soyabean patent case

July 19, 2013

On 13 May, the US Supreme Court unanimously ruled that Vernon Hugh Bowman had violated biotech giant Monsanto’s patent on soyabeans by planting the offspring of those soyabeans without permission, Soyatech reports.


EU imposes anti-dumping duties on Argentine, Indonesian biofuel

July 19, 2013

The European Union (EU) has imposed punitive duties on imports of biodiesel from Argentina and Indonesia, charging them with selling the product into the EU at unfairly low prices, Reuters reports.


EC investigates three major oil companies

July 19, 2013

Hungarian ethanol company, Pannonia Ethanol has become the first company to identify itself as having complained to the European Commission (EC) over the role of price agency Platts in selling prices, which fed into an investigation of three major petroleum companies. The EC has since embarked on the biggest cross-border trading probe since the Libor scandal, Reuters reports.


EU tracks Argentine, Indonesian biofuel imports, duties likely

May 30, 2013

The European Union (EU) will track more Argentine and Indonesian biodiesel imports, making it more likely that duties will be placed on the two countries, Reuters reported in April. Currently, these countries represent 90% of EU biodiesel imports and face retroactive duties if an investigation finds the countries have benefited from illegal subsidies (see also ‘Argentina: Anti-dumping anger’, p25).


Further measures needed for EU to reach targets

May 30, 2013

On 27 March, the European Commission (EC) published its first Renewable Energy Progress Report under the Renewable Energy Directive (RED), showing the EU as a whole is on its trajectory towards 2020 RED targets.


Brazil cuts ethanol taxes, offers credits

May 30, 2013

In April, the government of Brazil cut taxes for the ethanol industry and increased credits for the struggling sector, Reuters reports, in the hope it will boost investments, increase production, partially replace demand for gasoline and help ease inflation


Obama attacks oil industry tax breaks

May 30, 2013

In April, US president Barack Obama unveiled his US$3.8tr spending plan for the US government, reviving his longstanding attack on oil industry tax breaks and formally launching a plan to pay for alternative vehicle research with drilling dollars, Fuel Fix reports. The plans have drawn outrage from oil and gas industry leaders who said Obama was seeking to use the sector as a piggy bank.


Barry Callebaut to use segregated certified palm oil

April 19, 2013

Leading cocoa and chocolate products manufacturer, Barry Callebaut, announced on 23 February that it would use fully segregated certified sustainable palm oil for compounds and fillings in all its European factories starting from January.


Brazil increases ethanol blend as sugarcane output grows

April 19, 2013

The Brazilian government has published an official notice that the mandatory blend level for anhydrous ethanol into gasoline will be increased from 20% to 25% from 1 May.


EC fails to ban pesticide linked to decline in bees

April 19, 2013

A European Commission (EC) attempt to ban neonicotinoid pesticides, due to their alleged harmful links to bees, failed on 15 March because EU member states failed to reach a majority vote.