Latest Oleochemical News
Indonesia maintained the crude palm oil (CPO) export tax and levy at the top rate $375/t for December, an official document on the trade ministry website showed 29 November.
Malaysia maintained the December export duty for crude palm oil (CPO) at 8pc, as the reference price rose to record highs, a circular on the Malaysian Palm Oil Board (MPOB) website showed on 19 November.
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).
Malaysia’s end-October palm oil stocks rose by 4.42pc from the previous month to 1.83mn t, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on 10 November.
The Indian government reduced numerous vegetable oil import taxes ahead of the holiday season, a federal agency said last week.
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.