Latest Oleochemical News
Extreme volatility has been seen on coconut oil (CNO) in recent months likely due to Covid-19 restrictions and adverse weather in the fourth quarter of 2020.
Equilon Enterprises, a subsidiary of Royal Dutch Shell, announced it has agreed to sell its 90,000 bbls/day Mobile Chemical Refinery in Alabama to Vertex Energy, a Texas-based specialty refiner of alternative feedstocks and marketer of petroleum products.
Indonesia has raised the crude palm oil (CPO) export tax by $183/mt for June, up from $144/mt in the previous month, an official document on its trade ministry website showed.
Malaysia announced a national total lockdown to curb the spread of Covid-19 in the country, shutting down almost all economic and social sectors with the exception of essential activities from June 1-14, 2021.
ExxonMobil, a petroleum company and chemical manufacturer headquartered in Texas, has expanded its five-year agreement with Global Clean Energy, to increase ExxonMobil’s purchase of renewable diesel up to 5 million bbls/year.
Marathon Petroleum, an energy company headquartered in Ohio, has converted its Dickinson Refinery in North Dakota into a renewable diesel plant, with the ability to run in part using wind power.
The National Oceanic and Atmospheric Administration (NOAA) released its 2021 Atlantic hurricane season outlook May 20, predicting another active season.
Howard Energy Partners (HEP), a Texas-based independent midstream energy company, announced last week that it has executed long-term agreements with Diamond Green Diesel (DGD) and plans to significantly expand its Port Arthur, Texas terminal facilities to support DGD’s new plant.
Malaysia has kept its June export duty for crude palm oil at 8%, though it raised the reference price, a circular on the Malaysian Palm Oil Board website showed this week.
The Collegiate Board of Brazil’s National Petroleum, Natural Gas and Biofuels Agency (ANP) on May 13 approved a resolution setting the specifications of renewable diesel to be sold in the country.
The potential approval of a draft bill to set a new biofuels law with new blending mandates is likely to increase the volume of soybean oil available for export from Argentina as the volume of soybean oil that will not be used for biodiesel production will have to go to the export market, experts say.
The 2021/22 outlook for US soybeans is for lower supplies and exports and higher ending stocks compared with 2020/21, according to the May World Agricultural Supply and Demand Estimates (WASDE) report released by the U.S. Department of Agriculture (USDA).
Archer Daniels Midland (ADM), a multinational food processing and commodities trader corporation headquartered in Chicago, announced on Monday its plan to build North Dakota’s first-ever dedicated soybean crushing plant and refinery to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.
Malaysia’s end-April palm oil hit five-month high on output rise, up by 7.07% from the previous month to 1.55 million tons, data from industry regulator Malaysian Palm Oil Board (MPOB) showed.
UPM reported a fire at its 130,000 ton/year UPM Lappeenranta Biorefinery in Finland in the early morning hours on Monday, the company said in a press release.
Azelis, a speciality chemicals and food ingredients distributor based in Luxembourg, signed an agreement to acquire 100% of the outstanding shares of Vigon International, a US specialty distributor and manufacturer of ingredients for the flavors, fragrances, and cosmetics market segments based in Pennsylvania.
Hexion Completes Sale of Phenolic Specialty Resins, Hexamine and European Forest Products Businesses to Black Diamond and Investindustrial
Hexion, a thermoset resins company based in Ohio, announced last week that it has completed the sale of its Phenolic Specialty Resin, Hexamine and European-based Forest Products Resins businesses to the alternative investment firm Black Diamond and Investindustrial, a European group of independently managed investment, holding and advisory companies.
Repsol, an energy company headquartered in Spain, has announced that it will join the Ecoplanta Molecular Recycling Solutions (Ecoplanta) project, together with Canadian gasification technology developer Enerkem and Sociedad General de Aguas de Barcelona (Agbar), a global expert in water and waste management, to build a waste-to-chemicals (WtC) plant in Tarragona, Spain.