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OILS & FATS
22-03-2024

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.

OILS & FATS
22-03-2024

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.

OILS & FATS
21-03-2024

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.

OILS & FATS
21-03-2024

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.

OILS & FATS
21-03-2024

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.

OILS & FATS
21-03-2024

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.

OILS & FATS
21-03-2024

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).

OILS & FATS
21-03-2024

A middle path to sustainable Indonesian palm oil

20/03/2024 (Asia Times), Under the relentless sun, I survey the endless rows of oil palm trees stretching out before me.

MARKET DEVELOPMENT
20-03-2024

CPO prices to fall to between RM3,800-RM4,000 a tonne in April: MPOC

19/03/2024 (New Straits Times), Kuala Lumpur - Malaysian Palm Oil Council (MPOC) expects a decline in crude palm oil (CPO) prices in April, ranging between RM3,800 and RM4,000 per tonne, from the current RM4,250, due to increased soybean supply from South America and the gradual rise in palm oil production within Malaysia.

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