Oils & Fats International News
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Indonesian trade official and palm oil executives charged in cooking oil crisis
An Indonesian trade official and three palm oil executives have been charged in connection with a cooking oil shortage conspiracy, Mongabay reported on 19 April.
22 April 2022 -
Salic acquires stake in Olam Agri
The Saudi Agricultural and Livestock Investment Company (SALIC), a wholly owned subsidiary of the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, has announced it has acquired a 35.4% stake in commodity trading and processing company Olam Agri Holdings, a wholly owned subsidiary of the Olam Group.
21 April 2022 -
Grain and oilseeds at risk of spoilage due to blockages in Ukrainian ports
More than 1M tonnes of grains and oilseeds stranded on blocked ships in Ukrainian ports may be at risk of spoilage, World Grain reported Ukraine’s farm minister Mykoa Solskyi as telling local media.
21 April 2022 -
Eni pushes back target to double HVO production capacity by one year to 2025
Italian oil and gas company Eni has pushed back its target to double hydro-treated vegetable oil (HVO) production capacity to 2M tonnes/year by one year to 2025, Argus Media reported the firm’s chief executive as saying.
20 April 2022 -
BASF’s German castor facility gains sustainability certification
German chemical and biotech giant BASF’s castor product facility in Düsseldorf-Holthausen has gained certification under the SuCCESS (Sustainable Castor Caring for Environmental & Social Standards) Code, the company announced.
20 April 2022 -
Neste and BP both enter SAF supply agreements with DHL
Finnish renewable fuels producer Neste and global oil and gas giant BP have agreed separate agreements to supply German logistics and delivery company DHL Express (DHL) with sustainable aviation fuel (SAF), DHL announced.
19 April 2022 -
India exempts genome-edited crops from stringent GM regulations
The Indian government has issued an order exempting specific types of genome-edited crops from the stringent regulations applied to genetically-modified (GM) crops, Business Standard reported.
19 April 2022 -
Mitsubishi Chemical Corporation teams up with Toyota Tsusho to produce plant-derived ethylene and propylene in Japan
Japanese companies Mitsubishi Chemical Corporation (MCC) and Toyota Tsusho Corporation (Toyota Tsusho) have entered a joint venture to produce ethylene and propylene and their derivatives in Japan using bioethanol as a raw material, Toyota Tsusho announced.
18 April 2022 -
AECOM partners with Genifuel to produce SAF from algae and wastewater solids
Global infrastructure consulting company AECOM has partnered with renewable fuel technology firm Genifuel to produce sustainable aviation fuel (SAF) from algae and wastewater solids, AECOM announced.
18 April 2022 -
Russia warns it could limit agricultural exports to “friendly” countries
Agricultural exports from Russia could be limited to countries that are “friendly” towards it, Reuters reported the deputy chairman of Russia’s security council, former Russian President Dmitry Medvedev, as saying on social media.
18 April 2022 -
COFCO secures lease rights on new bulk terminal in Brazil
China’s largest food processor and manufacturer COFCO has announced that its Brazilian branch has secured a 25-year lease for a new bulk terminal in the Port of Santos.
15 April 2022 -
EIA’s latest energy outlook forecasts US renewable diesel supply to overtake biodiesel
US renewable diesel supply will exceed biodiesel supply in the near term, according to latest forecasts by the US Energy Information Administration (EIA).
15 April 2022 -
British Airways takes first delivery of UK-produced SAF in supply agreement with Phillips 66
UK airline British Airways (BA) has taken its first delivery of sustainable aviation fuel (SAF) as part of its multi-year supply agreement with US energy company Phillips 66, the companies announced.
14 April 2022