Oils & Fats International News
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Imperial Oil begins construction of Strathcona renewable diesel project
Canadian energy company Imperial Oil has begun construction of the Strathcona renewable diesel project.
10 August 2023 -
Bunge lifts 2023 earnings outlook following second quarter profit
Global agribusiness giant Bunge raised its full-year 2023 earnings outlook after posting a second quarter profit above estimates due to improved processing margins, Reuters reported.
10 August 2023 -
India’s NCDEX to revise trading hours for derivatives
Indian agricultural commodity exchange the National Commodity & Derivatives Exchange Ltd (NCDEX) is set to revise its trading hours for derivatives, according to a NCDEX circular.
09 August 2023 -
Poland to ban Ukrainian grain imports from 15 September but aid transit
Poland’s Minister of Agriculture and Rural Development Robert Telus has told farmers in the country that grain imports from Ukraine would not be allowed to enter the country after 15 September, AgriCensus wrote.
09 August 2023 -
Repsol set to invest US$133M to transform a plant to produce biodiesel
Spanish energy company Repsol has plans to invest €120M (US$133M) in transforming a unit of its plant in Puertollano (Ciudad Real) with the aim of producing biodiesel by 2025, Servimedia wrote.
08 August 2023 -
Wilmar to acquire Cosumar stake in vegetable fats business Wilmaco
Leading Asian agribusiness Wilmar has acquired Cosumar’s 45% stake in vegetable fats business Wilmaco for US$8.7bn.
08 August 2023 -
Surfactant spray provides mosquito control without use of insecticides
Researchers at Kao Corporation’s Personal Health Care Products Research Laboratory and Material Science Research Laboratory have developed a surfactant spray that neutralises mosquitoes’ water-repellent capabilities without the use of insecticides, Intelligent Living wrote.
07 August 2023 -
Companies team up on project to produce biodegradable plastic from waste vegetable cooking oil
Malaysian publicly-owned government company Sirim Berhad, Japanese packaging producer Fujimori Kogyo Co – known as Zacros – and the Universiti Sains Malaysia (USM) are working together on a project to produce polyhydroxy alkanoates (PHA) from waste vegetable cooking oil.
07 August 2023 -
Canada set to be the world’s largest producer of rapeseed in 2023/24
The EU-27 is likely to harvest less rapeseed due to drought conditions in the region earlier in the year, dropping below Canada to become the second largest global rapeseed producer, Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) wrote.
07 August 2023 -
Putin promises free grain to six African nations after Russia’s withdrawal from Black Sea deal
Russian president Vladimir Putin has promised free grain supplies to six African countries following the collapse of the Black Sea Grain Initiative (BSGI), The Guardian reported.
04 August 2023 -
ADM reports fall in oilseed profits but strong food oil and biodiesel results
Global agribusiness giant ADM has reported a drop in oilseed profits but strong performances in food oil and biodiesel in its second quarter results.
04 August 2023 -
Yield10 Bioscience files request for regulatory status review
US agricultural bioscience company Yield10 Bioscience has filed a request for a regulatory status review (RSR) of its camelina varieties containing genes to produce the eicosapentaenoic acid (EPA) component of omega-3 oil.
03 August 2023 -
Bayer lowers full-year outlook due to further decline in sales of glyphosate-based products
German chemical giant the Bayer Group has adjusted its full-year outlook mainly due to a further decline in sales of glyphosate-based products.
03 August 2023