Oils & Fats International News
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USDA forecasts soyabean acreage to fall below average trade estimates
The United States Department of Agriculture (USDA) estimates that the soyabean planted area in the country will be lower than trade expectations this year, World Grain reported on 1 July.
16 July 2021 -
Argentinian union workers block access to ports around Rosario
Argentinian union workers blocked access to several ports around Rosario city on 7 July, impacting export activity in the key export hub of the Up River complex, AgriCensus reported.
16 July 2021 -
Forest Stewardship Council cuts association with Korean palm oil operator Korindo
The Forest Stewardship Council (FCS) announced on 14 July that it was ending its association with Korean timber and palm oil operator Korindo.
15 July 2021 -
Dry bulk shipping rates reach highs due to strong demand
The dry bulk shipping sector posted its best first half year performance in a decade with rates for Capesize, Panamex and Supramax vessels topping US$30,000/day, Freight Waves reported on 28 June.
15 July 2021 -
US Supreme Court backs waivers from biofuel mandate
The US Supreme Court has ruled that small refineries are eligible for hardship waivers from biofuel blending mandates without having to continuously qualify, Argus Media reported on 25 June.
14 July 2021 -
BASF expands portfolio of RSPO-certified surfactants
German chemical and biotech giant BASF has expanded its range of palm-based surfactants with Roundtable on Sustainable Palm Oil (RSPO) certification, the company announced on 30 June.
14 July 2021 -
Neste and LyondellBasell agree deal to make polymers and chemicals from renewable feedstocks
Finnish renewable fuels producer Neste and leading plastics, chemicals and refining company LyondellBasell (LYB) have agreed a long-term deal to make polymers and chemicals from renewable feedstocks, Neste announced on 17 June.
13 July 2021 -
USDA maintains forecasts for soyabean oil use in biofuels
The United States Department of Agriculture (USDA) has maintained its forecast for soyabean oil use in biofuel production in its latest report, Biodiesel magazine wrote on 10 June.
13 July 2021 -
Covenant Energy opts for Haldor Topsoe technology at renewable diesel plant
Green fuel producer Covenant Energy has chosen Haldor Topsoe to provide the technology for its new renewable diesel plant in Canada, Haldor Topsoe announced on 17 June.
12 July 2021 -
Al Ghurair to acquire Edible Oil Company
Al Ghurair Investment (AGI) is acquiring multi-seed crusher Edible Oil Company (EOCD) from Dubai Investment Industries (DII), World Grain reported on 29 June.
12 July 2021 -
Biden and senators strike US infrastructure deal
US president Joe Biden reached a deal with a group of moderate senators to boost infrastructure spending in the country with increased investment in roads, bridges and waterways, DTN reported on 24 June.
09 July 2021 -
Strong demand forecast for oleochemicals
The global oleochemicals market has seen high oils and fats feedstock prices, logistics hit by COVID restrictions and severe weather, with strong demand expected ahead, the 13th ICIS World Oleochemicals Conference heard on 23-24 June.
09 July 2021 -
Repsol, Bilbobus and Alsa launch first pilot project in Spain using HVO
Spanish energy company Repsol has joined Bilbao bus line Bilbobus and Spanish bus operator Alsa to launch a pilot project in Spain using hydrotreated vegetable oil (HVO), Repsol announced on 18 June.
08 July 2021