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Latest Oils & Fats International News

PAHO plans to remove trans fatty acids from industrial food production

November 01, 2019

The Pan American Health Organization (PAHO) has agreed to eliminate trans fatty acids (TFAs) from industrial food production by 2025 to reduce cardiovascular disease.

Sunoil buys scandal-hit Dutch Kampen biodiesel plant

October 31, 2019

Dutch used cooking oil biodiesel (UCOME) producer Sunoil has bought bankrupt Biodiesel Kampen’s plant for an undisclosed price.

Sime Darby Plantation in sustainable palm oil partnership

October 31, 2019

Malaysia’s Sime Darby Plantation (SDP) announced a sustainable palm oil partnership with global NGO Conservation International on 4 October.

Argentina soyabean exports revised downward 36%

October 30, 2019

Argentina’s 2019/20 soyabean exports forecast has been revised downward by 36% from a forecast earlier this year, due to decreased global demand.

Sainc strikes supply contract for combined crude lignin oil/ethanol biorefinery

October 29, 2019

UK biomass refinery developer Sainc Energy Ltd (Sainc) has agreed a definitive supply contract for 180,000 tonnes/year of local olive tree prunings for its planned biorefinery at Villaralto, Spain.

Aviation climate targets may drive 3.2M ha of deforestation

October 28, 2019

The aviation industry’s 2050 climate targets may result in 3.2M ha of deforestation due to increased demand for soya and palm oil in aviation biofuels, Rainforest Foundation Norway (RFN) says.

LDC reports 20% drop in first-half 2019 profits

October 25, 2019

Louis Dreyfus Company (LDC) has a reported a 20% drop in first half profits of 2019, as it deals with the impact of global trade tensions and the spread of African swine fever (ASF) affecting soyabean demand.

Nufarm sells South American assets to Sumitomo

October 24, 2019

Australian herbicide manufacturer Nufarm has agreed to sell its South American crop protection and seed treatment assets to its biggest shareholder, Japanese Sumitomo Chemical Company, for AUS$1.2bn (US$812M).

Cargill and Maersk Tankers create joint medium range tanker pool

October 24, 2019

Global agribusiness giant Cargill’s fleet of medium range (MR) tankers entered the Maersk Tankers MR pool on 1 October, creating a new joint pool that Cargill says will significantly increase the scope of their MR spot tanker business.

Diamond Green Diesel to expand renewable diesel production

October 23, 2019

US engineering conglomerate Honeywell announced on 30 September that Diamond Green Diesel will expand its annual production capacity of renewable diesel using its Ecofining process technology to meet growing demand for renewable fuels in North America and Europe.

COFCO to build biodiesel pipeline in Brazil

October 23, 2019

China’s COFCO International is planning to build a 1-2km pipeline to transport its biodiesel to Brazil’s Rondonópolis rail terminal area, Reuters reports.