Oils & Fats International News
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Indonesia’s December biodiesel production rises 7% and exports surge
Biodiesel production in Indonesia increased by 7% in December while the country’s exports surged, according to local trade association data reported by S&P Global.
14 February 2024 -
€22M biofuel plant set to open in Portugal
Portuguese biofuels producer BioAdvance has built one of the largest European advanced biofuel plants in Portugal, The Portugal News reported.
13 February 2024 -
Dry bulk trade less impacted than container shipping in Red Sea crisis
The dry bulk freight sector is expected to be less impacted by ongoing Houthi attacks on commercial vessels in the Red Sea, according to freight sources quoted by AgriCensus.
13 February 2024 -
Sime Darby Plantation net-zero targets fully validated
Malaysia's Sime Darby Plantation Berhad (SDP) announced it has become the first palm oil company to have its net-zero targets approved by the Science Based Targets initiative (SBTi).
12 February 2024 -
EU environmental committee backs relaxation of rules on GM plants
The European Union (EU)’s environmental committee has backed proposals to relax rules on genetically modified (GM) plants produced using new genomic techniques (NGTs), AP News reported.
12 February 2024 -
Eni set to build Italy’s third bio-refinery in Livorno to produce HVO
Italian oil and gas company Eni has announced it would be moving forward with its plan to convert its Livorno facility into a bio-refinery to produce hydro-treated vegetable oil (HVO).
09 February 2024 -
WHO reports great progress in eliminating trans fats
Great progress has been made in the global elimination of industrially-produced trans fats, with nearly half the world’s population protected against the harmful effects of the product, VOA news quoted the World Health Organization (WHO) as saying.
09 February 2024 -
Indonesia sets CPO reference price for February at US$806.40/tonne
The Indonesian government has raised the crude palm oil (CPO) reference price for February to US$806.40/tonne from the previous US$774.93/tonne, AgriCensus reported the trade ministry as saying in a circular.
08 February 2024 -
Netherlands is EU’s leading biodiesel exporter
The Netherlands was the European Union (EU)’s leading biodiesel exporter in the first nine months of last year, according to Eurostat data reported by Germany’s Union for the Promotion of Plants and Protein (UFOP).
08 February 2024 -
Topsoe to provide technology for Preem’s renewable fuels plant in Sweden
Process technology specialist Topsoe has been selected to provide its HydroFlex technology for Swedish fuel company Preem’s renewable fuels plant near Lysekil.
07 February 2024 -
US court orders Bayer to pay more than US$2.2bn in Roundup cancer settlement
A Pennsylvania jury has ordered German chemical giant Bayer’s Monsanto unit to pay more than US$2.2bn to a former Roundup user who claimed his cancer was caused by the weedkiller, Bloomberg reported.
07 February 2024 -
LDC collaborates with Thai firm on soyabean traceability project
Global agribusiness giant Louis Dreyfus Company (LDC) is working with Thai firm Bangkok Produce Merchandising (BKP) on a deforestation-free soyabean supply chain project.
06 February 2024 -
Suez Canal grain and oilseed volumes drop by 20% in December, IGC analyst says
Grain and oilseed shipments transported via the Suez Canal in December dropped by 20% compared to the previous month, World Grain reported an International Grains Council (IGC) analyst as saying.
06 February 2024