Independent analyst Oleoline has been the latest to warn of a continued global oversupply of fatty alcohols well into the future. In a report written by Dr Brian Rossall, and describing “dramatic developments”, it identifies 1.5M tonnes of additional capacity to be built in “the foreseeable future.”
US agribusiness giant Archer Daniels Midland Company (ADM) has pushed back the deadline of its US$3.4bn takeover offer for Australia’s GrainCorp Ltd by more than two months, after failing to shore up enough shareholder support, Business Spectator reported in September.
In August, the Obama administration instructed US refiners to blend 16.55bn gallons of renewable fuels into the nation’s gasoline supply this year, while paring a specialised ethanol requirement that the oil industry had criticised as too ambitious, Soyatech reports.
The Indonesian Vegetable Oil Refiners Association (GIMNI) has demanded that the government of Indonesia build new seaports to cope with increasing commodity shipments and cut extra costs that total US$300M stemming from port inefficiencies, Cocommunity reported in August.
EU parliamentarians have approved proposals to limit the contribution of conventional biofuels toward its green transport targets, in a move producers have labelled “complex and ineffective”, The Guardian reported on 11 July.
Brazil plans to vote on a bill in the coming weeks to reopen large areas of the Amazon to sugarcane mills, rekindling fears that ethanol production could accelerate deforestation and create a major marketing challenge for the country’s biofuels industry, Reuters reported in June.
The Argentinean government is considering reforming the country’s seed law in a bid to foster use of new varieties of genetically modified (GM) soyabeans and boost the country’s output as the world’s number three soyabean supplier, Reuters reports.
There is potential for massive disruption to world trade if the provisions of the International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM) are not reconsidered and implemented pragmatically, David Tongue of the International Chamber of Shipping told the 5th Chemical and Product Tanker Conference earlier this year in London.