British multinational oil and gas company bp is set to invest US48.54M (CNY 353M) in acquiring a 15% stake in Chinese renewable diesel and sustainable aviation fuel (SAF) producer Lianyungang Jiaao New Energy, according to a S&P Global report.

Romanian energy company OMV Petrom has signed an agreement with oilseed processing company Expur to supply fully refined vegetable oil for renewable fuel production.

The French government has approved the sale of transport fuels made from 100% renewable materials, such as hydrotreated vegetable oil (HVO), in the country, according to Finnish biofuel producer Neste.

Spain’s imports of Argentinian olive oil more than doubled in 2023 compared to the previous year due to a poor harvest and rising prices, according to a report by Olive Oil Times.

Spanish multinational oil and gas company Cepsa and the European Investment Bank (EIB) have signed a €285M (US$312M) loan agreement to finance the construction of an advanced biofuels plant in Spain.

The US Food and Drug Administration (FDA) has introduced a nationwide ban on the use of brominated vegetable oil (BVO) as an additive in food.

Worldwide rapeseed demand in 2024/25 is expected to exceed production, according to research by Agrarmarkt Informations-Gesellschaft reported by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).

Global agribusiness giant Louis Dreyfus Company (LDC) has started building a soyabean processing plant in Upper Sandusky, Ohio, USA, World Grain reported.

Global agribusiness giant ADM is offering fully verified, segregated and traceable soyabean meal and oil to European customers as European Union (EU) deforestation regulations are set to be take effect later this year.

The Vegetable Oil Price Index increased by 3% in June compared to the previous month, according to the benchmark United Nations’ Food and Agriculture Organization (FAO) Food Price Index (FFPI).

The European Biodiesel Board (EBB) has called on the European Commission (EC) to take urgent action against Chinese biodiesel imports as the biofuel sector pauses projects and furloughs staff.

The US Environmental Protection Agency (EPA) has given Renewable Fuel Standard (RFS) pathway approval to BP Products North America to produce renewable diesel from carinata oil and diesel at its Cherry Point refinery in Washington, Biodiesel Magazine reported.

Soyabean production in the European Union (EU) is expected to reach a record level in the 2024/25 marketing season due to an increased planted area, according to EU Commission (EC) data reported by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).