Archived News

07/09/2010 (Bloomberg) - Palm oil rose to the highest level in three weeks, erasing an earlier loss, amid speculation that increased soybean imports by China, the biggest vegetable oil user, may boost prices of rival soybean oil.

06/09/2010 (Meta Efficient) - Most candles commonly found in households are made using low-grade paraffin (a petroleum by-product). They contain many impurities which are emitted into the air as the candle burns. These low-quality candles also tend to use wicks which are made with a metal core like zinc or possibly lead. This is not optimal. A good alternative to parafin-based candles are ones mad with palm oil, soy oil or beeswax. Soy oil is not as optimal as palm oil because it tends to come from non-organic genetically modified soy beans. We like Aloha Bay Candles, because they are made with virgin palm oil extracted without solvents. We tested these candles and they burn very bright and clean.

05/09/2010 (Food Business Review.com) - Equatorial Palm Oil (EPO), a sustainable oil palm plantation developer in Liberia, has inked a memorandum of understanding (MOU) with Biopalm Energy, a subsidiary of Siva Ventures of India, to create a 50:50 joint venture (JV) company worth $60m.

04/09/2010 (The Independent) - US fast food giant Burger King said Thursday it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.

03/09/2010 (All Africa.com) - The Government of Liberia (“GoL”) and Golden VerOleum (Liberia) Inc. (“GVL”) Thursday, September 2, announced a partnership for the cultivation of sustainable palm oil by the company and by Liberian smallholders and farmers, mill processing and value-added manufacturing. The investment is expected to total US$1.6 billion, creating more than 35,000 direct jobs and building a whole new economic sector in Liberia’s southeastern counties.

02/09/2010 (ABC News) - US fast food giant Burger King said it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.

30/08/2010 (Commodity Online), Bangkok - Anticipating excessive palm oil production this year, Thailand is considering increasing palm oil use in fuel.

30/08/2010 (My Palm Oil) - China is one of IOI Corp Bhd's top five palm oil markets and executive chairman Tan Sri Lee Shin Cheng sees stronger demand in the years ahead.

27/08/2010 (Reuters) - Environmentalists on Friday criticized a decision by agribusiness giant Cargill Inc to continue buying palm oil from Indonesian firm PT Smart Tbk after SMART received a mixed score in a green audit.

26/08/2010 (African Liberty.org), Lagos, Nigeria - In response to the World Bank Group Palm Oil stakeholder consultation, the Nigeria-based think-tank, Initiative for Public Policy Analysis (IPPA), has outlined the indispensable role that palm oil production plays in achieving economic growth and opportunity for African nations such as Nigeria and Ghana - particularly for the rural poor - in a report released today.

25/08/2010 (The Star Online), Petaling Jaya - Cargo surveyor Intertek said Wednesday that the country’s palm oil exports dropped 7.6% to 992,319 tonnes in the August 1 to 25 period compared to the same period in July.

25/08/2010 (Biodiesel Magazine) - The wait for canola oil as a U.S. EPA-approved biofuel pathway is over. Five months after releasing the final rule for the revised renewable fuel standard (RFS2), the EPA released a Notice of Data Availability, stating that the canola oil biodiesel pathway creates a 50 percent reduction in greenhouse gas emissions compared to the diesel fuel baseline. Using the same RFS2 lifecycle analysis modeling for other biofuels already approved, the EPA also compared canola oil conversion efficiencies to biodiesel produced from soybean oil. Not surprisingly, the final analysis shows one pound of canola produces 0.40 pounds of oil compared to soybean’s 0.18 pounds of oil.