|
Palm oil closes at highest level in over a year
Palm oil harvest may pick up in March
Palm oil stocks at lowest level in seven months
CPO prices to fall to between RM3,800-RM4,000 a tonne in April: MPOC
Bursa Malaysia Derivatives reports all-time high daily open interest for crude palm oil futures
21/03/2024 (New Straits Times) Kuala Lumpur - Bursa Malaysia Derivatives Bhd has reported an all-time high in daily open interest for its benchmark price-setting crude palm oil futures (FCPO) contract in March.
Skoda encourages move to use of vegetable oil
21/03/2024 (Connacht Tribune), Skoda Ireland and fuel retailer Certa have launched a new joint campaign aimed at encouraging owners and would-be buyers of new diesel cars to use hydrotreated vegetable oil (HVO) biofuel as a replacement for diesel to lower their motoring carbon emissions by up to 90%.
Biodiesel Market Analysis Forecasts Significant Growth 2024-2030: Global Insights on Trends, Industry Expansion and Top Companies
21/03/2024 (PR Newswire), The global biodiesel market is projected to boom at a CAGR of 6.05% between 2024 and 2030, to reach US$ 59.26 billion by 2030. In modern instances, biodiesel performs a crucial role in addressing environmental challenges and electricity sustainability. As a renewable gas derived from natural assets like vegetable oils and animal fat, biodiesel extensively reduces greenhouse fuel emissions as compared to standard diesel, mitigating climate exchange influences. Its use promotes energy independence by lowering reliance on fossil fuels, contributing to countrywide protection. Additionally, biodiesel supports agricultural economies by developing new markets for farm merchandise, fostering rural improvement, and improving overall environmental quality.
Bolivia ready to launch biodiesel plant
21/03/2024 (Merco Press), Bolivian President Luis Arce Catacora announced that his country's first biodiesel production plant will start operating next week in Santa Cruz de la Sierra. Although some experts have doubted the project's worth, the Government said that the new undertaking would generate up to US$ 100 million in savings on fossil fuel imports. Supreme Decree 5135 authorizes the addition of up to 25% of vegetable components to conventional fuels.
Palm oil rebounds on strong exports
20/03/2024 (Reuters), Jakarta - Malaysian palm oil futures rebounded on Wednesday, as better export figures and expectation of easing production growth in March supported prices.
CPO futures rise tracking bullish recovery in Chinese veg oil futures
20/03/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives turned higher on Wednesday, rebounding from Tuesday’s losses, and tracking a bullish recovery in the Chinese vegetable oil futures, said a dealer.
3,903 metric tonnes of subsidised packet cooking oil quota revoked
20/03/2024 (New Straits Times), Kuala Lumpur - The monitoring conducted by the Domestic Trade and Cost of Living Ministry saw a total of 3,903 metric tonnes of subsidised packet cooking oil quota revoked as of Jan 1, the Dewan Rakyat was told today.
Biodiesel Lab Creates Fuel for Campus Shuttles From Cooking Oil
20/03/2024 (The Loyola Phoenix), Loyola’s Searle Biodiesel Lab, built in 2013, collects and recycles used cooking oil to create biodiesel capable of fueling Loyola’s intercampus shuttle buses and producing glycerin byproduct used to create BioSoap on campus.
PSI Obtains Approval for Diesel Engines to Use Hydrotreated Vegetable Oil
20/03/2024 (NGT News), The diesel engine line of Power Solutions International Inc. (PSI), provider of emission-certified engines and power systems, is now approved for the use of hydrotreated vegetable oil (HVO).