Oils & Fats International News
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USDA lowers 2024/25 oilseeds production forecast to 686M tonnes due to reduced Australian rapeseed outlook
The US Department of Agriculture (USDA) has lowered its 2024/25 oilseeds production forecast by more than 1M tonnes to 686M tonnes due to a reduced rapeseed outlook in Australia.
15 July 2024 -
Sharp rise in Bulgarian rapeseed crushing capacity
Bulgaria became a net importer of rapeseed in the 2023/24 marketing year with growing trade driven by expanding domestic crushing capacities, according to a US Department of Agriculture (USDA) report.
12 July 2024 -
Groupo Potencial to build two biofuel pipelines in Brazil
Brazil’s privately owned Grupo Potencial will be investing BRL 200M (US$37M) in building two biofuel pipelines in the south of the country, the company’s vice president Carlos Hammerschmidt was quoted as saying in a Reuters report.
11 July 2024 -
WHO reports hundreds of thousands of annual deaths in Europe linked to ultra-processed foods
Ultra-processed food is responsible for about 391,000 deaths a year in Europe, according to World Health Organization (WHO) data reported by Olive Oil Times.
11 July 2024 -
bp to scale back development of new SAF and renewable diesel projects at existing sites
British multinational oil and gas company bp has announced it would be scaling back plans to develop new sustainable aviation fuel (SAF) and renewable diesel projects at existing sites.
10 July 2024 -
USA clears way for imports of Brazilian used cooking oil
The US government is opening the door to Brazilian imports of used cooking oil (UCO) by accepting international certification for the product, Bloomberg reports from a joint statement by the South American country’s ministries of foreign affairs and agriculture.
10 July 2024 -
COFCO and GROWMARK agree to exchange Illinois grain assets
Global agribusiness COFCO International and agricultural cooperative GROWMARK have agreed to exchange grain assets in the US state of Illinois for an undisclosed sum, World Grain wrote.
09 July 2024 -
Brazilian soyabean production forecast reduced due to flooding
Recent floods in southern Brazil and lower yields across several states have reduced the country’s soyabean production expectations to 150M tonnes in the 2023/24 marketing year, according to a report by the US Department of Agriculture (USDA).
09 July 2024 -
Shell to pause construction of Rotterdam biofuels facility
Global oil giant Shell has announced it will be pausing construction of its 820,000 tonnes/year biofuels facility at the company’s chemicals park in Rotterdam, the Netherlands.
08 July 2024 -
Michigan to ban MCT oil in vapes
The US state of Michigan’s Cannabis Regulatory Agency (CRA) is set to ban medium chain triglyceride (MCT) oil in vape pens.
08 July 2024 -
T&E report says China will run out of waste oil due to EU and US demand
Leading global used cooking oil (UCO) producer China, will run out of waste oil due to demand from Europe and the USA outstripping supply, according to a report by clean transport campaign group Transport & Environment (T&E).
05 July 2024 -
KT awarded US$400M project for HVO complex in Hamburg
Kinetics Technology (KT) – part of the Maire Tecnimont Group – has been awarded a US$400M project to develop a hydrotreated vegetable oil (HVO) complex in Hamburg, Germany, for HOLBORN Europa Raffinerie.
04 July 2024 -
US farmers edged out by surging imports of Brazilian tallow for biofuel production
Imports of Brazilian tallow into the USA for use in biofuel production surged by 377% in the first four months of this year compared to the previous year, edging out US soyabean farmers, Bloomberg reported.
04 July 2024