Archived News

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.

21/7/06 (The Hindu) - After wheat, pulses and sugar, it could be the turn of edible oil to receive policymakers' attention. All's not well on the edible oil price front.

21/7/06 ( NSTP) - PUTRAJAYA: Plantation owners found guilty of open burning and contributing to the haze will lose their licence to sell oil palm fruit.

21/7/06 (The Star) - KUALA LUMPUR: The world's top palm oil producers, Malaysia and Indonesia, have decided to set aside nearly 40% of their crude palm oil output for biodiesel production, the Plantation Industries and Commodities ministry said yesterday.

20/7/06 (Daily Express) - Kota Kinabalu: Oil palm mills in the State can no longer discharge treated or partially-treated effluents into rivers or any waterway but back into the soil provided the effluents have been treated to the specification of Bio-chemical Oxygen Demand (BOD3) level not exceeding 1,000 mg/l or re-processed into compost.