Oils & Fats International News
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China’s new food security law takes effect
A new law in China holding central and provincial governments accountable for incorporating food security into their economic and development plans took effect on 1 June, World Grain reported from a Reuters article.
10 June 2024 -
Bunge and Zen-Noh to buy stake in Brazilian terminal
Agribusiness giant Bunge Global and Zen-Noh Grain Corp – the US subsidiary of Japan’s Zen-Noh Group – have agreed through a joint venture to buy a 50% stake in a grain terminal at the Port of Santos in Brazil, World Grain reports.
10 June 2024 -
Climate victims file criminal case against the CEO and directors of TotalEnergies
A criminal case has been filed against the CEO and directors of the French oil company TotalEnergies, alleging its fossil fuel exploitation has contributed to the deaths of victims of climate-fuelled extreme weather disasters, The Guardian reported.
07 June 2024 -
Casterra announces new agreements with seed producers to meet growing demand for castor seeds
Castor cultivation firm Casterra Ag, a subsidiary of Evogene, is set to expand its production of castor seeds in Africa after signing agreements with existing and new seed producers in the country.
06 June 2024 -
EU set to introduce tariffs on grain and oilseeds from Russia and Belarus
The European Union (EU) Council has approved the introduction of tariffs on grain and oilseeds from Russia and Belarus, World Grain reported.
06 June 2024 -
Neste secures SAF storage at VTTI’s ETT terminal in Rotterdam
Finnish renewable fuels producer Neste has expanded its sustainable aviation fuel (SAF) storage capacity in Rotterdam, the Netherlands, following a collaboration with energy storage and infrastructure developer VTTI.
05 June 2024 -
Evonik starts industrial-scale production of rhamnolipid biosurfactants at Slovakia plant
Speciality chemical company Evonik has started industrial-scale production of rhamnolipid biosurfactants at its plant in Slovakia.
04 June 2024 -
Chinese biofuel companies plan to start up plants over next 18 months to produce more than 1M tonnes/year of SAF
Biofuel producers in China have plans to invest more than US$1bn in the country’s first plants to turn waste cooking oil into sustainable aviation fuel (SAF) for export and to meet domestic demand once Beijing introduces mandates for its use, Reuters reported.
04 June 2024 -
Insempra raises US$20M to expand production of yeast-fermented lipids for food and cosmetics
German biotechnology company Insempra has raised US$20M in funding to expand production of yeast-fermented lipids for food and cosmetics.
03 June 2024 -
Global vegetable oil production expected to hit record levels in 2024/25
Worldwide production of vegetable oils is forecast to increase to record levels in the 2024/25 crop year, according to US Department of Agriculture (USDA) data reported by Germany’s Union for the Promotion of Plants and Protein (UFOP).
03 June 2024 -
EU trade associations voice concerns over EUDR information system
Trade associations have raised concerns about the European Union Deforestation Regulation (EUDR) information system with European Commission (EC) president Ursula von der Leyen, Bioenergy Europe reported on its website.
31 May 2024 -
Elian Barcelona begins operations at renovated soyabean processing plant at Port of Barcelona
Spanish agribusiness Elian Barcelona has started processing soyabeans at its renovated plant at the Port of Barcelona, in Spain, World Grain reported.
30 May 2024 -
Port of Rotterdam and Hague Airport sign SAF collaboration agreement
The Port of Rotterdam Authority and Rotterdam The Hague Airport (RTHA) have signed a letter of intent to develop supply chains for alternative fuels, including sustainable aviation fuel (SAF) and hydrogen.
30 May 2024