Archived News

02/10/2024 (Payload Asia) - dnata, a leading global air and travel services provider, continues to take initiatives to reduce its environmental footprint throughout the world. In the UK, dnata’s Heavy Goods Vehicle (HGV) fleet of 70 trucks at London Heathrow Airport (LHR) has switched to run on Hydrotreated Vegetable Oil (HVO), a fossil-free alternative to regular diesel.

02/10/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures jumped more than 4% on Wednesday, driven by gains in crude oil prices and Chicago soyoil.

02/10/2024 (Biodiesel Magazine) - Downey Ridge Environmental Co. (Greasezilla) and bp announce a groundbreaking agreement that will enable the capture and extraction of brown grease waste as a feedstock for biofuel production, marking a step forward in sustainable energy production. As part of the agreement, bp will finance the expansion of Greasezilla's production facilities to support the delivery of brown grease feedstock to the market, aimed at furthering the renewable diesel (RD) and sustainable aviation fuel (SAF) markets.

01/10/2024 (Chemanalyst) - In a development that has continued to support the upward trend in the edible oil market across the country, Mustard Oil prices have surged steadily and are likely to remain uplifted even in the forthcoming months, leaving consumers and industry experts alike grappling with the sudden increase which also attributed to a perfect storm of factors affecting both supply and demand. At the forefront of this price surge is the government's recent decision to increase import duties on edible oils. This move, aimed at protecting domestic producers, has had an immediate and significant impact on retail prices. While the intention was to bolster the local Mustard Oil industry, the short-term consequence has been a sharp uptick in costs for various oils including the Mustard Oil for the average consumer.

01/10/2024 (The Edge Malaysia) - AMID growing calls for the European Commission (EC) to delay the European Union Deforestation Regulation (EUDR), the major plantation companies in Malaysia say they are prepared for Dec 30, 2024 — the day the regulation comes into effect. These companies say they have been proactive in conducting deforestation assessments and establishing traceability systems to ensure that their palm oil supply chains are deforestation-free and compliant with EUDR requirements.

01/10/2024 (Bernama), Kuala Lumpur- Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded from Monday’s loss to close higher today.

01/10/2024 (Financial Express) - In the coming months, the GlobalData report said, the import duty hike is likely to increase input costs for food manufacturers and foodservice operators, which rely on edible oils for use as raw material.

30/09/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures fell on Monday for a second consecutive session, weighed down by a stronger ringgit, while traders remained cautious as palm continues to be priced at a premium against rival oils.

30/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday as stronger ringgit seemed to curb further demand for palm oil, said a dealer.

30/09/2024 (New Straits Times), Kota Kinabalu - The palm oil biomass industry offers a substantial opportunity to produce value-added products and renewable energy, said Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.

30/09/2024 (New Straits Times), Kota Kinabalu - Malaysians are encouraged to use red palm oil, which has been on the market for some time but is often overlooked due to perception issues, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

30/09/2024 (TEMPO.CO), Jakarta - The EU Deforestation Regulation (EUDR) is due to be implemented on December 30, 2024, requiring companies selling soy, beef, palm oil, and other products in the 27-nation bloc to prove their supply chains do not contribute to the destruction of forests.