Archived News

26/7/06 (Reuters) - KUALA LUMPUR: A move by Malaysia and Indonesia to pledge a big chunk of their palm output for biodiesel may not immediately send prices out of control but it has rung alarm bells that the once humble oil will become too expensive for both food and fuel production.

26/7/06 LONDON (Dow Jones)--Biofuels Corp.'s biodiesel production reached 65% in July of its future target annual capacity of 250,000 tons, up from 58% in June, it said Tuesday.

25/7/06 (The Jakarta Post, Jakarta) - As part of its commitment to boost the use of alternative energy, the government has set aside huge swathes of land across the archipelago for the crops needed for raw materials for producing biofuels

25/7/06 (The Jakarta Post, Jakarta) - The conversion of jungles into plantations is becoming the biggest threat to the survival of orangutans in Kalimantan, while illegal logging will likely remain the most significant threat to the big apes in Sumatra, an environmentalist says.

25/7/06 LITTLE FALLS, N.J., (PRNewswire) -- Manufacturers of synthetic glycerin are getting a hard lesson in the economics of supply and demand as prices for their products plummet, driven down by an overabundance of glycerin on the market.

BEIJING, July 24 (Bernama) -- China's third largest oil company, China National Offshore Oil Corp (CNOOC) has inked a memorandum of understanding (MoU) with a Malaysian firm to develop palm oil-based biodiesel in a shift towards renewable energy sources.

BEIJING, July 24 (Bernama) -- After four years of successful trials in China, Ecofuture Bhd is finally poised to begin the marketing of its environment-friendly mat made wholly from oil palm residue.

24/7/06 (Xinhua) - Indonesia plans to shift the usage of oil and gas by at least 10 percent within the next four years, Minister of Energy and Mineral Resources Purnomo Yusgiantoro said Monday.

KARACHI (July 25 2006) - Mapak Edible Oils (Private) Ltd (MEO), a $14 million (Rs 840 million) Pak-Malaysia joint venture, will be commissioned at Port Qasim on July 25. At the same time, unveiling ceremony of the plaque for construction of another Pak-Malaysia joint venture, $16 million (Rs 960 million) Liquid Cargo Terminal (LCT) will also be held at the same venue

KARACHI (July 24 2006): At least two local firms have received consent from the officials concerned for setting up edible oil refineries in Karachi, which would cost around $10 million, sources told Business Recorder on Sunday.

SYDNEY (July 25 2006): Australian canola exports are swinging away from China to Europe to feed powerful demand for renewable fuels such as biodiesel and ethanol, traders told Reuters on Monday.

23/7/2006 (Financial Express) - Prices of edible oil rose by upto 13 per cent in one week in the wholesale market due to alleged manipulation by big traders.