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Latest Oils & Fats International News


Heinz sold off in US$28bn takeover

March 21, 2013

Investment guru Warren Buffet – known as the world’s most successful investor – has teamed up with private equity firm 3G Capital to buy H J Heinz Co for US$28bn in one of the biggest food acquisitions ever.


EPA fans flames with latest standard for cellulosic biofuels

March 21, 2013

The US Environmental Protection Agency (EPA) published its renewable fuel standards for 2013 at the end of January.



Ceres plans logistics hub in Canada

March 21, 2013

Ceres Global Ag Corp announced plans in February to build a US$90M commodity logistics hub at Northgate Saskatchewan, Canada, that will connect directly to BNSF Railway’s 32,000 mile (51,499km) rail network in North America.


ENI to convert Venice plant into biorefinery for biofuels

March 21, 2013

ENI – Italy’s largest energy producer – is converting its Venice refinery (pictured) into a biorefinery to produce innovative and high quality biofuels.


Raizen plans second-generation ethanol production from 2014

February 12, 2013

Brazil’s Raizen, the joint venture of sugar producer Cosan and Royal-Dutch Shell, will begin commercial production of second-generation ethanol beginning in 2014, Reuters reports.


Indonesia looks at boosting biofuel production

February 12, 2013

Indonesia, the world’s biggest palm oil producer, is mulling a move to boost biodiesel production to manage abundant local supplies, The Jakarta Post reported in January.


Novozymes teams up with Beta Renewables

February 12, 2013

Novozymes, the world’s largest producer of industrial enzymes, and Beta Renewables, a leader in cellulosic biofuels and part of Italy’s Mossi & Ghisolfi group, announced an agreement late last year to jointly market cellulosic biofuel solutions.


EU register to identify biofuel origins

February 12, 2013

The European biofuel industry has decided to set up a permanent register to identify the origin of biofuels used in the European Union (EU).


Malaysia cuts CPO export tax

January 14, 2013

Malaysia will cut its export duty on crude palm oil (CPO) from 1st January in order to compete with Indonesia, which cut its export taxes in October 2011.


EU presents new biofuel rules with delays on ILUC measures

January 14, 2013

On 17 October, the European Commission (EC) formally presented its proposed new rules governing biofuels and their impact on energy and climate change, which delayed the implementation of any crop-specific measures on indirect land use change (ILUC) (see also News, OFI Oct/Nov 2012).