Malaysia has kept its October export duty for crude palm oil (CPO) at 8%, although the reference price rose for a second consecutive month, a circular on the Malaysian Palm Oil Board website showed on September 20.
St1 and SCA plan to enter into a 50/50 Joint Venture (JV) to produce and sell liquid biofuels, said Helsinki headquartered St1.
Royal Dutch Shell plans to build an 820,000 t/yr biofuels facility in Rotterdam, the Netherlands, the company said. The facility will be at the Shell Energy and Chemicals Park, formerly known as the Pernis refinery. Production is expected to start in 2024.
Strengthening model outlooks and recent cooling in the tropical Pacific Ocean has raised the chance of La Niña forming in the fourth quarter of 2021, the Australian Bureau of Meteorology (BOM) said in its latest Climate Driver Update issued September 14.