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).

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.

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.

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.

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.

Norwegian marine ingredient company Epax is investing US$10M in a new facility in Aalesund, Norway, to expand its range of marine oils, according to a Nutra Ingredients report.

The US sustainable aviation fuel (SAF) sector is facing an uncertain future due to early moves by the administration of US President Donald Trump, according to a Travel Weekly report.

Canadian energy company Imperial Oil’s Strathcona renewable diesel project is set to become operational in mid-2025, according to a Biodiesel magazine report quoting the company’s chairman, president and CEO Brad Corson.

Leading US energy company Chevron’s renewable diesel expansion project at its Geismar biorefinery in Louisiana is undergoing final commissioning, according to a Biodiesel magazine report quoting company officials.

Global energy giant bp announced on 26 February that it is slashing planned investments in renewable energy but boosting oil and gas spending to US$10bn/year in a bid to increase cash flows and returns.

Olive oil prices will be lower within three months, according to a Food Navigator report quoting leading Italian supplier Filippo Berio.

Japanese biotech firm Euglena is exploring a sustainable aviation fuel (SAF) supply chain project in Bangladesh.

Global agribusiness giant Bunge’s 2024 results dropped by almost 50% after quarterly earnings in its core Agribusiness segment were impacted by weak oilseed processing margins – particularly in South America – during its fourth quarter, World Grain reported.