Latest Oleochemical News

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India Palm Oil Imports Up by Over 15pc in 2020-21 Marketing Year

India’s palm oil imports increased by 15.23pc in the 2020-21 marketing year compared to the previous year as a result of a reduction in crude palm oil (CPO) import duties and the lifting of restrictions on refined, bleached and deodorized (RBD) palm olein imports, according to the national trade body Solvent Extractors’ Association (SEA).

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Insight: MPOB Interview

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.

Louisiana Green Fuels plans to build a renewable diesel plant using wood waste for feedstock

Korea’s DL Chemicals Inks Acquisition of Kraton

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.

KVT to Build ECH Production Complex in China

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.

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Shell to Build Renewable Diesel, SAF Biorefinery in Rotterdam

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.

Bureau of Meteorology Pacific Ocean

La Niña Weather Pattern has 50% Chance of Forming in 4Q

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.

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Indonesia Extends Lockdown Restrictions Until September 20

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.

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Flooding in the Philippines Following Typhoons Jolina And Kiko

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).

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India Reduces Edible Oil Import Taxes

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.

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Malaysia End-August Palm Oil Stocks Surge by Over 25%

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.

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