Latest Oleochemical News
Malaysia has maintained the November export duty for crude palm oil (CPO) at 8pc, although the reference price rose for a third consecutive month, a circular on the Malaysian Palm Oil Board (MPOB) website showed on 14 October.
Malaysia has been one of many countries seriously affected by the Covid-19 pandemic and it has lived with strict movement restrictions since March 2020. Regarding Malaysia’s extended labour shortage in the palm industry, OA spoke with Dr. Ahmad Parveez Ghulam Kadir, Director-General Malaysian Palm Oil Board (MPOB), to discuss the current labour challenges the palm plantation industry is seeing.
Kraton, a producer of specialty polymers and bio-based products derived from pine wood pulping co-products, has entered into a definitive merger agreement with DL Chemical for 100% ownership, Kraton said in a press release on September 27.
Austrian engineering group Kanzler Verfahrenstechnik (KVT) has signed a technology and license agreement for the world’s largest glycerine-based epichlorohydrin (ECH) production complex in Qingdao, Shandong, China, KVT announced September 20.
JST Global, a Joint Venture (JV) between Tyson Foods’ and Jacob Stern & Sons, announced September 15 the start of construction on a facility in Nebraska to pretreat animal fat for eventual conversion into renewable diesel.
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.
Indonesia’s government extended the Implementation of Restrictions on Community Activities (Pemberlakuan Pembatasan Kegiatan Masyarakat – PPKM) until September 20, as announced by senior cabinet minister Luhut Binsar Panjaitan, during a press conference on September 13.
Several cities of the Philippines, the world’s largest coconut oil producer and exporter, have been under heavy rainfall and flood warnings since September 6 as typhoons Jolina and Kiko moved across the country, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA).
India, the world’s biggest vegetable oil buyer, has cut base import taxes on crude palm oil (CPO), soybean oil (SBO) and sunflower oil to reduce edible oils prices, according to government Notification No. 42/2021 released September 10.
Malaysia’s end-August palm oil stocks jumped to the highest level in more than a year rising by 25.28% from the previous month to 1.87 million tons, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on September 10.
Chevron and Bunge announced September 2 a memorandum of understanding (MOU) of a proposed 50/50 Joint Venture (JV) to help meet the demand for renewable fuels and to develop lower carbon intensity feedstocks.
Indonesia has raised the crude palm oil (CPO) export tax to $166/mt for September, up from $93/mt in August, an official document on its trade ministry website showed.
Indonesia, the world’s largest palm oil producer, introduced a three-year freeze on plantation permits that expires in September 2021.
Imperial Oil, a Canadian petroleum company based in Alberta, plans to construct a renewable diesel complex at its Strathcona refinery near Edmonton, Alberta, the company said on August 25.
A.P. Moller-Maersk will introduce eight large ocean-going container vessels capable of being operated on carbon neutral methanol to accelerate the decarbonisation of its fleet and meet increased customer demand for greener transportation, the company announced August 24.