Archived News

7/12/06 (The Edge News) - IOI Corporation Bhd is poised to emerge as the world's largest vegetable oil based fatty acid producer following its proposed acquisition of two palm oil refinery and oleochemical companies for RM423 million cash.

4/12/06 (Thew Star) KUCHING - The Assar Senari group is poised to become a major player in the bulk petroleum and palm oil industries in Sarawak following the opening of its industrial complex in Senari Monday.

22/11/06 (Soyatech.com) GENEVA - The WTO on Tuesday officially adopted a ruling that European countries broke international trade rules by stopping imports of genetically modified foods.

22/11/06 (Soyatech.com) WINNIPEG - The move by US and Canadian restaurant chains to transfat free vegetable oils in their cooking is expected to translate into solid demand for Canadian canola and canola oil in the years ahead, according to industry sources.

17/11/06 (Soyatech.com) - Thai Fatty Alcohol, a 50:50 joint venture between PTT Chemical and Cognis Thailand, is investing Bt820 million to build a fatty-alcohol plant on the Eastern Industrial Estate in Rayong province.

27/11/06, Kuala Lumpur: A merger of three Malaysian plantation conglomerates will create the world's largest listed palm oil estate, and boost the country's status as a palm oil producer amid growing regional competition, analysts said.

30/11/06 (www.planetark.com) BRUSSELS - The European Commission sharpened its main weapon for fighting climate change on Wednesday, drawing fire from EU governments after demanding cuts in their carbon dioxide emissions plans for 2008-2012.

30/11/06 ( www.planetark.com) BEIJING - China, the world's number two oil importer, plans to start using biodiesel in cars next year in an attempt to cut its dependence on imported oil, industry officials said on Wednesday.

30/11/06 (Newkarala.com) New Delhi - The Indian Vanaspati Producers' Association (IVPA) has asked for the custom duty on crude palm oil to be brought down to 20 per cent on actual user basis, in order to compete with vanaspati imported from Sri Lanka and Nepal.

29/11/06 KUALA LUMPUR (AFP) - Malaysian investors expressed caution over a proposed merger to create the world's largest palm oil firm, saying that "size does matter" but a smaller company might be more profitable.

1/12/06 (Reuters) KUALA LUMPUR - Malaysian palm oil producer Carotino Sdn Bhd aims to start its second biodiesel plant next year and has sold out the entire output of its first unit up to March, a top company official said on Thursday.

27/11/06 KUALA LUMPUR, Malaysia (AP) -- Three Malaysian government-linked palm oil companies will merge to create the world's biggest palm oil business worth around 31.4 billion ringgit (US$8.66 billion; euro6.62 billion), officials said Monday.