Oils & Fats International News
-
Malaysia and Indonesia hiking export taxes
Higher export duties set to be introduced by leading palm oil producers Malaysia and Indonesia are expected to increase demand for the commodity, according to a report by The Star.
29 October 2024 -
Honeywell and SGP BioEnergy to develop plant-based biochemical technology
US engineering conglomerate Honeywell and bioenergy products development company SGP BioEnergy are working together to develop plant-based biochemical technology.
28 October 2024 -
IEA forecasts 20% growth in renewable fuels sector by 2030 with further expansion needed to meet net-zero goals
A new report by the International Energy Agency (IEA) forecasts a 20% increase in the renewable fuels sector by 2030 under current market conditions, according to a report by SAF Magazine.
28 October 2024 -
Brazil introduces Fuel of the Future green package
The Brazilian government has introduced a Fuel of the Future law in a bid to increase the use of biofuels, along with other actions.
25 October 2024 -
Rapeseed harvest in England down a third
The rapeseed harvest in England is down 33% this year due to heavy rainfall at the end of 2023 impacting production, according to data published by the Department for Environment Food & Rural Affairs (ECIU) reported by The Guardian.
25 October 2024 -
VTTI and Connex to develop a renewable feedstock pre-treatment facility at VTTI terminal in Amsterdam
Energy storage and infrastructure company VTTI is working in partnership with renewable feedstocks trader Connex to develop a pre-treatment facility at VTTI’s terminal in Amsterdam.
24 October 2024 -
Higher biodiesel mandates in Indonesia set to curb palm oil supplies
The introduction of higher biodiesel blending mandates by Indonesia is likely to tighten palm oil, according to a leading analyst quoted in a Reuters report.
24 October 2024 -
Sunflowerseed prices in Ukraine reach three-year high
Ukrainian sunflowerseed prices have reached their highest level in three years, according to a report by APK-Inform.
23 October 2024 -
Sunflowerseed and corn yields fall significantly in Balkans due to drought conditions
Yield estimates for corn and sunflowerseed in the Balkans have dropped significantly due to drought and extreme temperatures, according to AgroPortal data.
23 October 2024 -
AmphiStar launches waste-based biosurfactants
Belgian start-up AmphiStar has launched a range of waste-based biosurfactants aimed at the personal and home care markets.
22 October 2024 -
Bursa Malaysia considers launching UCO futures contract
Futures and options exchange Bursa Malaysia Derivatives Berhad is looking into launching a used cooking oil (UCO) futures contract to meet increasing demand for it as a biofuel feedstock, according to a report by The Edge Malaysia citing a Bloomberg story.
22 October 2024 -
Malaysia’s palm oil industry to focus on replanting and sustainability
The palm oil sector in Malaysia is set to focus on challenges including ageing oil palm trees and stagnant yields while increasing its commitment to global sustainability standards, according to industry leaders quoted in a report by The Malaysian Reserve.
21 October 2024 -
Low water levels in Paraná River drive up soyabean oil and biodiesel prices in Brazil
Declining water levels in the upstream sector of the Paraná River in Argentina, due to the dry season, have disrupted water transportation and led to increased prices for soyabean oil and biodiesel in Brazil, Palm Oil magazine wrote.
21 October 2024