Oils & Fats International News
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BASF cuts ammonia production due to surging gas prices while EC proposes dropping import tariffs on key fertiliser ingredients
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.
08 August 2022 -
Australia is EU’s main rapeseed supplier this season
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.
05 August 2022 -
Macquarie announces investment scheme to form largest independent ag port terminals operator in Brazil
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).
05 August 2022 -
BASF offers certified sustainable personal care ingredients based on coconut oil
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.
04 August 2022 -
ADM expects strong profits as global grain supplies stay tight
Global agribusiness giant Archer Daniels Midland (ADM) has said it expects strong profits this year.
04 August 2022 -
EU report forecasts reduced yields for spring crops amid ongoing drought and impact of Ukraine war
Key crop yields in the European Union (EU) will drop sharply this year due to heatwaves and droughts, according to new data published by the EU’s Joint Research Centre reported by The Guardian.
03 August 2022 -
First vessel carrying grain leaves Ukrainian port of Odessa following landmark deal
The first ship carrying grain from Ukraine’s deep-sea ports was safely in the Black Sea and heading to Istanbul for inspections following a safe passage agreement with Russia, AgriCensus reported on 2 August.
03 August 2022 -
Brazil’s Embraer and Raízen sign deal to develop SAF
Aircraft manufacturer Embraer and leading Brazilian energy company Raízen have signed a deal to develop sustainable aviation fuel (SAF), Embraer announced.
02 August 2022 -
EU feed industry faces challenges due to drop in demand
Feed production in the European Union (EU) is forecast to decline by 2.9% this year – or 4.3M tonnes – due to a reduction in demand from the pig and poultry sectors, according to forecasts by the European feed industry federation FEFAC reported by World Grain.
02 August 2022 -
Amyris starts squalene production at plant in Brazil
US synthetic biotechnology ingredients firm Amyris says it has started industrial scale production of 13 molecules, including squalene, at its plant in Brazil.
01 August 2022 -
Ongoing drought in Italy expected to impact olive oil production while fire devastates oldest olive grove in Greece as heatwave hits Europe
Italy’s worst drought in 70 years is expected to impact olive oil production in the country, Olive Oil Times reported.
01 August 2022 -
Eni completes construction of oilseeds plant in Kenya
Italian oil and gas company Eni has completed construction of an oilseeds processing plant in Kenya.
01 August 2022 -
BP aims to start SAF production in Australia by 2025
British multinational oil and gas company BP is planning to start producing sustainable aviation fuel (SAF) in Australia by 2025 following the conversion of its oil refinery near Perth, Reuters quoted a senior executive of the company as saying.
29 July 2022