Latest News

OILS & FATS
19-07-2024

Vegetable Oils Better For Your Heart Than Dairy Butter, Confirms New Study

18/07/2024 (Plant Based News) - A new study says that switching from saturated animal-derived fats like dairy butter to unsaturated oils from olives and nuts is better for your heart.

MARKET DEVELOPMENT
19-07-2024

Cargill Announces Over 50% Completion of Regina Canola Processing Facility

18/07/2024 (ChemAnalyst News) - Cargill, a global leader in oilseed processing, announced on 16 July 2024 that it has surpassed the 50 percent completion milestone in constructing its new canola facility at the Global Transportation Hub in West Regina, Saskatchewan. The facility, which broke ground in July 2022, is expected to open in 2025. It will have the capacity to process 1 million metric tons of canola annually, producing crude canola oil for food and biofuel markets, as well as canola meal for animal feed.

MARKET DEVELOPMENT
19-07-2024

Iowa biodiesel industry welcomes call for greater usage

18/07/2024 (Biofuels International) - The Iowa Biodiesel Board has welcomed Iowa US Representative Ashley Hinson for leading a bipartisan letter to the Environmental Protection Agency (EPA) encouraging more usage of biofuels in the country.

MARKET DEVELOPMENT
19-07-2024

EPA: 2.04 Billion RINs Generated Under RFS In June

19/07/2024 (Biodiesel Magazine) - Nearly 2.04 billion renewable identification numbers (RINs) were generated under the Renewable Fuel Standard in June, down slightly from 2.06 billion generated during the same month of last year, according to data released by the U.S. EPA on July 18. Total RIN generation for the first half of 2024 reached 12.07 billion, up from 11.43 billion generated during the same period of last year.

OILS & FATS
18-07-2024

Palm oil rises on higher Malaysian export estimates; firmer ringgit caps gains

17/07/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday, buoyed by higher export estimates from the world's second-biggest producer, although a firmer ringgit capped gains.

OILS & FATS
18-07-2024

IOI Corp expects crude palm oil unit cost to fall 4 pct in FY24

18/07/2024 (New Straits Times), Kuala Lumpur - IOI Corporation Bhd expects crude palm oil (CPO) unit costs to reduce four per cent year-on-year (YoY) for financial year 2024 (FY24).

OILS & FATS
18-07-2024

The push for sustainable palm oil isn’t going far enough

17/07/2024 (South China Morning Post) - Smallholders are instrumental in Southeast Asia’s palm oil production. Indonesia alone, they cultivate roughly 41 per cent of the land dedicated to oil palm, while in Malaysia, that number is at least 27 per cent. Globally, smallholders are responsible for roughly 35 per cent to 40 per cent of the world’s total oil palm plantations. Therefore, as global concerns about sustainability increase, smallholders play an important role in sustainability initiatives.

OILS & FATS
18-07-2024

Malaysia and India to work together to counter anti-palm oil campaigns

17/07/2024 (New Straits Times), Kuala Lumpur - Malaysia and the world's largest importer of palm oil, India, will work together to counter the anti-palm oil campaign by the West.

OILS & FATS
18-07-2024

From cooking oil to waste truck fuel

17/07/2024 (Bracknell Forest Council) - In a significant move towards sustainability, the council’s Executive has approved to trial hydro treated vegetable oil as fuel for a waste collection vehicle.

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