Oils & Fats International News
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Singapore set to introduce SAF mandate starting in 2026
The Singapore government has launched a plan to decarbonise the country’s aviation sector, SAF magazine reported.
21 March 2024 -
bp to restructure Gelsenkirchen site towards lower-emission fuels including SAF
British multinational oil and gas company bp is planning to restructure its Gelsenkirchen site in Germany to produce lower-emission fuels including sustainable aviation fuel (SAF).
21 March 2024 -
Bayer working to replace glyphosate in Roundup weedkiller
German chemical giant Bayer has plans to introduce a substitute for glyphosate – the active ingredient in Roundup weedkiller – within four years, The Peninsular quoted the company’s chief executive as telling local media.
20 March 2024 -
EU delays classification of countries under anti-deforestation regulation
The European Union (EU) is delaying the classification of countries under its anti-deforestation regulation following claims made by several governments in Asia, Africa and Latin America that the rules would be burdensome, unfair and put off investors, three EU officials told the Financial Times.
20 March 2024 -
Chevron and Bunge launch oilseed feedstock joint venture with plans for new processing plant
Leading US energy company Chevron and global agribusiness giant Bunge have finalised their oilseed feedstock venture.
19 March 2024 -
Reduced global palm oil supplies and increased biodiesel demand expected to boost prices
A combination of stagnating global palm oil production and higher biodiesel mandates are likely to reduce supplies of the oil this year, leading to further price hikes, according to a Reuters report of the Palm and Lauric Oils Conference & Exhibition (POC2024) held in Malaysia this month.
19 March 2024 -
EU rapeseed imports fall to third below previous year’s level
EU-27 rapeseed imports in the current 2023/24 crop year totalled 3.5M tonnes, a reduction of almost one third compared to the previous year’s volume, Germany’s Union for the Promotion of Oil and Protein Plants (UFOP) reported.
18 March 2024 -
Indian government launches initiative to boost oilseed production and reduce imports of cooking oils
The Indian government has launched a campaign to boost oilseed production and reduce imports of cooking oil, The Economic Times reported Union Agriculture Minister Arjun Munda as saying.
18 March 2024 -
Record sales volume lifts Viterra revenue ahead of merger with Bunge
Glencore-backed grain handling business Viterra reported record annual sales volumes of 127M tonnes in 2023 ahead of its merger with leading US agribusiness Bunge, World Grain reported.
15 March 2024 -
New T&E report claims Eni is not delivering on African feedstock plan
Italian oil and gas company Eni is not delivering on its plan to produce thousands of tonnes of biofuel crops, according to a new report by clean transport campaign group Transport & Environment (T&E) in collaboration with The Continent newspaper.
15 March 2024 -
Bayer calls off break-up after huge loss
German chemical giant Bayer has called off plans to break up the group for up to three years to allow the new chief executive officer (CEO) to focus on issues including debt and litigation, Reuters reported.
14 March 2024 -
Vopak commissions 40,000m³ of capacity for bio-bunkering in Singapore
Global tank storage company Vopak has commissioned 40,000m³ of capacity for bio-bunkering at its Sebarok Terminal in Singapore.
14 March 2024 -
Italian olive oil production rebounds
Olive oil production in Italy is expected to total 324,000 tonnes in the 2023/24 crop year, according to the latest forecast by the European Commission (EC) reported by Olive Oil Times.
13 March 2024