US fuel retailers are claiming that the inclusion of a tax credit for sustainable aviation fuel (SAF) in the landmark Inflation Reduction bill will shift renewable diesel feedstocks to SAF, which they claim is more carbon intensive and less efficient, Reuters reported on 8 August.

The FAO Vegetable Oil Price Index dropped by 19.2% in July compared to the previous month – marking a 10-month low, the Food and Agriculture Organization of the United Nations (FAO) reported.

The government of Indonesia has launched road tests for two types of B40 – biodiesel containing 40% palm oil – with the aim of concluding by the end of the year if they are viable for public use, Reuters reported the energy ministry as saying.

Global oil giant Shell International Petroleum (Shell) and German airline Deutsche Lufthansa have signed a sustainable aviation fuel (SAF) supply agreement.

A second convoy of four ships left the ports of Ukraine on 7 August carrying almost 160,000 tonnes of agricultural products, APK Inform reported the Ukrainian Seaports Administration writing on its Facebook page.

Engineering and technology company Technip Energies has been awarded a contract by Finnish renewable fuels producer Neste for the expansion of its refinery in Rotterdam.

The CEO of leading Ukrainian agribusiness Nibulon has been killed during Russian aerial bombardement of the southern Ukrainian city of Mykolaiv, World Grain reports.

Finnish renewable fuels producer Neste has announced it is set to acquire Irish animal fats trader Walco Foods.

Plant-based oils company AAK has invested in Swedish food-tech start-up firm Green-On, which produces lab-grown fats and oils.

German chemical and biotech giant BASF has announced that it will be reducing its production of ammonia in response to surging gas prices, AgriCensus reported.

Rapeseed deliveries from Australia to the European Union (EU) surged 45% to 2.9M tonnes, according to data quoted in a report by Germany’s Union for the Promotion of Oil and Protein Plants (UFOP), making the country the bloc’s top supplier this season.

Brazilian port terminal Corredor Logística e Infraestrutura (CLI) is set to acquire 80% of Brazilian bulk sugar and grain terminal Elevações Portuárias (EPSA) in Santos, following an investment by Macquarie Infrastructure Partners V (MIP V).

German chemical and biotech giant BASF has announced that its portfolio now includes certified personal care ingredients based on coconut oil, following certification of its production site in Cassina Rizzardi, Italy.