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Latest Oils & Fats International News

New soyabean processing plant planned for Michigan

February 28, 2019

US soyabean processor Quality Roasting LLC was awarded a US$80,000 Michigan Business Development Program performance-based grant on 15 February to fund the construction of a new soyabean processing plant in Reese, Michigan.

Chocolate line created to promote GMO farming

February 28, 2019

A coalition of 1,600 US farmers called A Fresh Look has launched a new line of ‘pro-GMO’ chocolate bars to inform the public about the positives of genetically modified crops.

POSCO Daewoo to buy 75% share of Ukraine’s Mykolaiv terminal

February 27, 2019

Korea’s largest trading company, POSCO Daewoo, has signed an agreement with Ukraine’s Orexim Group to buy 75% of an export grain terminal in Mykolaiv, southern Ukraine, one of the main export hubs around the Black Sea, reported PortSEurope on 14 February.

Nisshin OilliO chooses Hammonia Oleo as distributor in Germany

February 26, 2019

Japan’s Nisshin OilliO Group has selected Hammonia Oleochemicals GmbH as its distributor of beauty and personal care ingredients in Germany, effective 1 February.

Jaencoop to become second largest global olive oil producer after merger

February 25, 2019

Olive oil production cooperatives Jaencoop and Olivar de Segura have agreed to merge after several years of negotiations, the Olive Oil Times reported on 11 February.

VTB to acquire Novorossiysk Grain Terminal

February 22, 2019

Russia’s second largest bank, VTB, reached an agreement on 14 February to buy Novorossiysk Grain Terminal, one of country’s largest port terminals for the transshipment of grains and oilseeds.

Coshocton Grain building soybean processing plant

February 21, 2019

Ohio-based grain company Coshocton Grain has begun construction on a new soyabean processing plant at its site in Coshocton, reported World Grain on 11 February.

EU exempts eight Argentine biodiesel producers from duties

February 21, 2019

Eight Argentine biodiesel producers will be allowed to export to the EU without paying duties as long as they sell their product at a set minimum price, the EU Official Journal said on 12 February.

Finnish transportation fuel to be 30% biofuel by 2030

February 20, 2019

The Parliament of Finland voted on 6 February in favour of a law requiring transportation fuel to be comprised of 30% biofuel by 2030, with advanced biofuels accounting for 10% of transportation fuel by the same year.

Wastes and residues cannot supply large-scale aviation biofuel production

February 19, 2019

The limited amount of wastes and residues globally will make it impossible for airlines to avoid using virgin vegetable oils if they adopt aviation biofuel on a large scale, according to a new report from Biofuelwatch published on 11 February

Cargill invests in Hyperledger Grid

February 18, 2019

Cargill is investing its own digital engineering resources to develop Hyperledger Grid, a project which aims to streamline supply chains by using blockchain and other digital solutions.