Oils & Fats International News
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Acelen partners with MulticanaPlus to develop macaúba as biofuel feedstock
Energy company Acelen has partnered with plant micropropagation research and development specialist MulticanaPlus to develop macaúba as a biofuel feedstock, Biofuels Digest reported on 11 February.
10 March 2025 -
India looks set to increase vegetable oil import taxes to help support local farmers
The Indian government is likely to raise vegetable oil import taxes to help support local farmers following a drop in domestic oilseed prices, according to a Telegraph India article citing unnamed government sources quoted in a Reuters report.
10 March 2025 -
Ukraine remains leading supplier of sunflowerseed oil to EU
Ukraine remains the European Union (EU)’s leading sunflowerseed oil supplier despite a decline in the country’s output compared to the previous year, according to latest European Commission (EC) figures reported by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).
07 March 2025 -
EBB proposes ambitious reform of RED verification
The European Biodiesel Board (EBB) has published an ambitious proposal to revise the rules on sustainable biofuels verification under the Renewable Energy Directive (RED) as part of its ongoing bid to tackle biofuel fraud.
07 March 2025 -
LG Chem set for commercial production of 100% plant-based acrylic acid
South Korean chemical company LG Chem is set to produce 100% plant-based bio-acrylic acid derived from vegetable oils on a commercial scale in the second quarter of this year.
06 March 2025 -
Palm oil prices to remain high in short-term, then forecast to decline due to increased production
Palm oil prices are expected to remain high in the short-term but then start declining due to increasing production, analysts told last week’s Palm & Lauric Oils Price Outlook Conference & Exhibition (POC2025).
06 March 2025 -
Bayer and agricultural groups seek to shield themselves from cancer claims
German chemical giant Bayer and agricultural groups are seeking to shield themselves from lawsuits claiming its Roundup weedkiller causes cancer, according to an AP News report.
05 March 2025 -
China and Canada retaliate against Trump tariffs
US President Donald Trump’s administration has imposed tariffs on imports from China, Mexico and Canada, causing US stocks to suffer their worst two-day drop since December, the BBC reported on 4 March.
05 March 2025 -
Olam Group to sell 44.58% stake in Olam Agri to SALIC
Global food and agribusiness company Olam Group is set to sell 44.58% of its stake in Olam Agri Holdings to Saudi Agricultural and Livestock Investment Co (SALIC).
05 March 2025 -
European Public Prosecutor’s Office arrests two suspects for biodiesel fraud scheme
The European Public Prosecutor’s Office (EPPO) in Rotterdam, the Netherlands, has arrested two suspects for their role in a customs fraud scheme involving biodiesel imports.
04 March 2025 -
US targets Chinese ships and operators with millions of dollars in proposed port charges
The US Trade Representative (USTR)’s office has proposed charging up to US$1.5M for Chinese-built vessels entering US ports as part of its investigation into China’s growing domination of the global shipbuilding, maritime and logistics sectors, Reuters reported.
04 March 2025 -
Brazil to keep mandatory biodiesel blend at 14%
The Brazil government would not be increasing the local mandatory biodiesel blend to 15% in March as expected but would maintain the current 14% blend, Energy Minister Alexandre Silveira told Reuters.
03 March 2025 -
Lithuania suspends transit of Belarusian rapeseed oil from occupied parts of Ukraine
Belarusian rapeseed oil shipments through Lithuania have been suspended following media investigations which revealed rapeseed from Russian-occupied territories in Ukraine had been processed in Belarus and sold to the European Union (EU), state-owned public broadcaster Lithuanian National Radio and Television (LRT) wrote.
03 March 2025