Oils & Fats International News
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Maersk aims for carbon neutrality by 2050
Danish shipping company AP Moller-Maersk is working towards carbon neutrality by 2050, Clean Shipping International reported on 10 February.
09 March 2021 -
Shell to buy 150,000 tonnes of biodiesel from China’s Jiaao Enprotech
The Singapore subsidiary of oil giant Royal Dutch Shell has signed a US$155M biodiesel supply deal with Chinese chemical product company Jiaao Enprotech, Yicai Global reported on 9 February.
08 March 2021 -
Bursa Malaysia launches revised crude palm kernel oil futures contract
Futures and options exchange Bursa Malaysia Derivatives (BMD) has launched a revamped crude palm kernel oil futures (FPKO) contract today.
08 March 2021 -
Argentina investigates consumer and food giants over output curbs
The Argentine government is investigating leading consumer and food companies over accusations they deliberately held back production amid a clampdown on rising prices, Reuters reported on 17 February.
08 March 2021 -
French BNP stops financial backing of soyabean clients on converted Amazon land
French international banking group BNP Paribas announced on 15 February that it will no longer provide financial services to customers who grow or buy Brazilian soyabeans in Amazonian land that has been cleared or converted since 2008.
05 March 2021 -
Fintoil gets go ahead for tall oil refinery in Hamina
Crude tall oil (CTO) refiner Fintoil is going ahead with plans to invest US$121.6M (€100M) in a new refinery in the Finnish port of HaminaKotka, Bioenergy International reported on 9 February.
05 March 2021 -
Argentina halts agricultural export tax hike
The Argentine government will not impose a tax increase on agricultural exports or limit how much grain can be shipped abroad to halt rising food prices, Reuters reported on 10 February.
04 March 2021 -
Shipping costs look set to rise in 2021
Higher shipping costs were likely for grain traders in 2021, according to a World Grain report on 12 February.
04 March 2021 -
Lower oil palm deforestation rate in 2020
Rates of oil palm deforestation in Indonesia, Malaysia and Papua New Guinea in 2020 were at their lowest level for three years, according to a new report by Chain Reaction Research (CRR) published on 9 February.
03 March 2021 -
Chocolate giants among companies facing slavery lawsuit in USA
Leading global chocolate companies Mars, Nestlé and Hershey are among the defendants facing a child slavery lawsuit in the USA, The Guardian reported on 12 February.
02 March 2021 -
Univar Solutions enters new surfactants distribution agreement with Sasol
Global speciality chemical and ingredient company Univar Solutions has entered an agreement to become the main distributor of Sasol’s alcohol and surfactant products in the USA and Canada.
01 March 2021 -
India extends deadline for trans fat reduction in edible oils
The Food Safety and Standards Authority of India (FSSAI) has extended the deadline for a 3% cap on the quantity of trans fatty acids (TFA) in oils and fat from January 2021 to April this year, The Economic Times reported on 13 January.
01 March 2021 -
Brazil's Raízen to buy Louis Dreyfus sugar and ethanol unit Biosev
Brazilian energy company Raízen has agreed to buy Louis Dreyfus Holding subsidiary Biosev, a sugar and ethanol unit.
26 February 2021
