Archived News

10/02/2009 (Carbon Positive) - A new sustainable development model could allow palm oil producers to continue to expand without destroying valuable forests, its proponents, the World Resources Institute, claims. The US-based environmental research and advocacy group says its POTICO model could act as a circuit-breaker in an industry at the centre of one of the biggest environmental problems of the current time.

10/02/2009 (Bernama), Kuala Lumpur - IOI Corporation Bhd announced today that its Pamol Estates Grouping in Sabah has been awarded the Roundtable on Sustainable Palm Oil (RSPO) Compliance Certification for its sustainable palm oil production.

11/02/2009 (The Jakarta Post) - It is easy for the EU to take pot shots at Malaysia and Indonesia for attempting to develop economically by cultivating palm oil for biofuel.

10/02/2009 (Business Times, Malaysia) - KUALA Lumpur Kepong Bhd, Malaysia’s third biggest palm oil producer, rose to a five-month high in Kuala Lumpur trading, leading an advance among plantation stocks after palm oil prices climbed to a month’s record.

09/02/2009 (Pakwatan.com), Karachi - The Malaysian Palm Oil Board (MPOB) has agreed to extend technical co-operation to Pakistan's edible oil refiners during next five years to help the 'infant' industry maximise its yield by 94 percent. In this regard, a Memorandum of Understanding (MoU) was signed between Pakistan Edible Oil Refiners Association (PEORA) and MPOB at a local hotel on Saturday.

05/02/2009 (Mongabay) - The World Resources Institute (WRI) has launched an innovative avoided deforestation model that aims to deter conversion of Indonesian rainforest for oil palm plantations.

05/02/2009 (Helsinki Times) - A proposal by Helsinki City Transport (HKL) and the Helsinki Metropolitan Area Council (YTV) to power all buses and rubbish trucks in the capital region by fuel made from palm oil has drawn criticism from environmental organisation Greenpeace. For several weeks trials have been carried out in Lahti with hybrid buses which use a mixture of electricity and diesel. HKL is planning to test the buses in Helsinki over the following months, with a view to putting them into service as early as the end of this year.

05/02/2009 (The Times of India), New Delhi - Don’t get alarmed. The good news is refined vegetable oils, used by virtually all middle class Indian families for cooking, have negligible trans fat and are, therefore, safe.

04/02/2009 (Business Mirror) - BANGKOK—PTT Research and Technology Inc. (PTTRTI), owned by Thai petroleum giant PTT Public Co. Ltd., is conducting field and lab tests on engines running on 10-percent, 20-percent and 50-percent biodiesel blends.

04/02/2009 (Bloomberg) -- Kuala Lumpur Kepong Bhd., Malaysia’s third-biggest palm-oil producer, may buy planted land this year to expand production, betting that the price of the tropical commodity has found a floor after a rout.

04/02/2009 (Express India) - There is general uncertainty as to which vegetable oil is good for the heart. As we look through the supermarket shelves in search of the right cooking oil, we are confused about the health claims of each brand. Vegetable oils have long been endorsed as being “heart healthy.” The reason for this is that these oils are low in artery-clogging saturated fat, and rich in certain beneficial fatty acids.

04/02/2009 (Solomon Star News) - PREPARATION for the ground breaking ceremony to start the Auluta Oil Palm Project in Malaita Province is now underway.