Latest Oils & Fats International News

The first public sale of PTT UltraForce Diesel B10 biodiesel in Thailand has been officiated by Energy Minister Siri Jirapongphan, Petrol Plaza reported on 30 May.  

NEXT Renewable Fuels (NEXT), USA, and oil and gas giant BP have entered a long-term feedstock supply agreement, in which NEXT will buy 2M tonnes/year of renewable feedstocks from BP for its planned renewable diesel facility in Port Westward, Oregon.

German biodiesel exports in the first three months of 2019 surged around 33% to 581,248 tonnes year-on-year, according to Germany’s Union for the Promotion of Oil and Protein Plants (UFOP).

Agricultural firm Solfrut has teamed up with the Argentinian San Juan province government to invest US$14M into upgrading its existing olive oil production plant, which would become the largest in South America when completed.

Major soyabean growers in China are expected to expand their plantings by 10% this year from last year’s 3.6M ha in order to rapidly increase domestic supply while cutting the country’s dependence on imports, reports Xinhuanet.

The USA is revising its rules on the import, transport and release of genetically modified organisms (GMOs) in its first comprehensive revision of these regulations since they were established in 1987.

Crop protection and biotech seed producer Corteva Agriscience, one of three businesses spun off from the mega US$130bn DowDuPont merger in 2017, began trading as a separate stock on 3 June.

EU law enforcement agency Europol has seized 150,000 litres of fraudulent olive oil and arrested 20 people in a joint operation with the Italian NAS Carabinieri and the Tribunal of Darmstadt in Germany.

Malaysia’s Sime Darby Plantation (SDP) has launched an open online access tool, ‘Crosscheck’, which allows anyone to trace the source of the company’s palm oil supply, down to mill level.

Italian oil and gas company Eni’s biorefinery plant in Gela, Italy, is due to start commercial operations at the end of June/beginning of July, the ACI Oleofuels 2019 conference in Italy heard on 5 June.

French oil giant Total is set to start up its La Mede biorefinery after several delays and controversy over its use of imported palm oil as a feedstock.