Latest Oleochemical News
Malaysia End-April Palm Oil Stocks Rise by 7.07%
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 Extinguishes Fire at Lappeenranta Biorefinery in Finland
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 Acquires Vigon International and Enters Flavors and Fragrances Market in the US
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 Joins Enerkem and Agbar to Build a Waste-to-Chemicals Plant in Spain
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.
Neste to Modify Rotterdam Refinery to Produce Up to 500,00 tons/year of SAF
Neste, Finland-based renewable transportation fuels and products producer, will modify its existing renewables production capacity at its biorefinery in Rotterdam, the Netherlands, to enable the production of sustainable aviation fuel (SAF) from waste and residue raw materials.
Brazil’s 79th Biodiesel Auction Sells 1.05bn Liters
Brazil’s 79th biodiesel auctioned 1.05bn liters to meet the B10 biodiesel blend planned for May and June, the National Petroleum, Natural Gas and Biofuels agency (ANP) said.
Malaysia Maintains 8% Crude Palm Oil Export Duty for May
Malaysia has kept its May export duty for crude palm oil at 8%, though it raised the reference price, a circular on the Malaysian Palm Oil Board website showed earlier this month.
Louisiana Green Fuels plans to build a renewable diesel plant using wood waste for feedstock
Louisiana Green Fuels, a subsidiary of Strategic Biofuels, announced on Friday plans to build a $700m renewable diesel plant that could produce up to 32m gallons/year of renewable fuel using wood waste as the feedstock.
Phillips 66 secures renewable fuels feedstock supply through investment in soybean-processing plant
Phillips 66, headquartered in Houston, has secured feedstock for the company’s renewable fuels projects by investing in a new soybean-processing plant in Iowa.
US Soybean Futures Contracts See 7-Year Highs on Speculative Buying
Soybean futures neared a seven-year high as surging demand supported cash markets and attracted speculative buying, analysts said.
Samat Nordic Oy invests in a new tank terminal in Hamina
Samat Nordic Oy, the Finnish subsidiary of the French Groupe Samat, has announced their €15M investment in Finland’s Hamina port.
Malaysia edges out Indonesia as the largest palm oil exporter to India
Malaysia’s palm oil exports to India have increased compared to the previous year, leaving Indonesia as the second largest palm oil exporter to the country.
Malaysia Palm Oil Production Outlook Slashed, Brazilian Soybean Crop Forecast Higher
Malaysia palm oil production for the marketing year September 2020 to August 2021 was lowered as weather and labour issues slowed output, according to a recent key oilseeds outlook report.
Malaysia End-March Palm Oil Stocks Rise by 10.7%
Malaysia’s end-March palm oil stocks rose more than expected, up by 10.7% from the previous month to 1.45 million tons, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on Monday.
Palm Oil Products to See Strong Demand Recovery Amid Restocking
Global demand and export for palm oil products will see a strong recovery during the next three months as China and India will need to restock amid depleted inventories.
La Nina Moves to Neutral Levels, But Heavy Rain Forecast for April
A La Nina weather event has turned inactive, Australia’s weather bureau said last week, ending a six-month spell of greater rainfall and cooler than average temperatures across South East Asia.
Palm Oil Imports Banned in Sri Lanka Beginning Monday
Sri Lanka banned imports of palm oil and new palm plantations with immediate effect on Monday and told producers to remove existing plantations in a phased manner, replacing them with environmentally friendly crops.