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Latest Oils & Fats International News

US EPA finalises 2019 blending volumes for renewable fuel

December 14, 2018

The US Environmental Protection Agency (EPA) has increased blending volumes for total renewable fuel and cellulosic and advanced biofuels under its finalised 2019 renewable volume requirements (RVOs) released on 30 November, Ethanol Producer magazine reported.

Norway to be first country to stop buying palm oil for biofuel

December 14, 2018

Norway will become the first country to stop the its biofuel industry buying palm oil in efforts to save rainforests, prevent climate change and protect endangered wildlife, the Independent newspaper reported on 4 December.

Indonesia relaxes levies on palm oil exports

December 13, 2018

Indonesia began relaxing levies on palm oil exports on 5 December to stimulate trade, the Indonesian Ministry of Finance announced.

Bayer to cut 12,000 jobs

December 13, 2018

German chemical and pharmaceutical firm Bayer announced on 29 November that it would cut 12,000 jobs in a major restructuring following its US$63bn acquisition of US seed and pesticide giant Monsanto.

EU proposes reinstating anti-subsidy duties on imported Argentine biodiesel

December 12, 2018

The European Commission (EC) has proposed restoring anti-subsidy duties against Argentine biodiesel imports after large amounts of cheap South American biodiesel being brought into the EU has threatened its industry, according to an EU document seen by Reuters.

FDA approves qualified health claims for high oleic oils

December 12, 2018

The US Food and Drug Administration (FDA) announced on 19 November that it would allow producers of edible oils that contain at least 70% oleic acid to make qualified health claims (QHC) that their products contain cardiovascular benefits when replacing saturated fats.

Fuji Oil Holding acquires The Blommer Chocolate Co.

December 11, 2018

The Japanese supplier of oils and fats ingredients, Fuji Oil Holding, has entered an agreement to acquire The Blommer Chocolate Company, the largest cocoa processor and ingredient chocolate manufacturer in North America.

EPA plans to lower biofuel targets set a decade ago

December 11, 2018

The US Environmental Protection Agency (EPA) plans to propose new targets for the final three years of the US Renewable Fuel Standard (RFS) which are closer to current standards than the targets set by Congress in 2007, according to sources quoted by Reuters.

Shipping of rapeseed and biodiesel hit by low Rhine water levels

December 10, 2018

Record low water levels since summer along the Rhine river, the main European shipping artery, have jeopardised shipments of commodities, including rapeseed and rapeseed biodiesel, as well as chemicals and coal.

Bayer’s Intacta soyabean helps reduce carbon emissions

December 07, 2018

A five-year peer review study on Bayer’s new Intacta RR2 PRO soyabeans has shown that the product helps farmers reduce greenhouse gas emissions and has an overall less negative effect on the environment, the German chemicals and pharmaceutical giant said in a press release on 15 November.

Final agreement made on REDII

December 06, 2018

On 4 December, the European Council of Ministers adopted the EU’s new Renewable Energy Directive (REDII), which sets a minimum blending mandate for advanced biofuels beginning in 2022.