Latest Oleochemical News
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 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 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, 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, headquartered in Houston, has secured feedstock for the company’s renewable fuels projects by investing in a new soybean-processing plant in Iowa.
Soybean futures neared a seven-year high as surging demand supported cash markets and attracted speculative buying, analysts said.
Samat Nordic Oy, the Finnish subsidiary of the French Groupe Samat, has announced their €15M investment in Finland’s Hamina port.
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 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’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.
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.
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.
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.
Royal DSM, headquartered in the Netherlands, announced that it will acquire the flavor and fragrance bio-based intermediates business of Amyris for $150 million.
Neste’s Porvoo refinery in Finland is starting a major turnaround next week.
The operation, which occurs approximately every five years, had originally been planned for spring 2020 but was postponed due to the coronavirus pandemic.
Malaysia has kept its April export duty for crude palm oil at 8%, though it raised the reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
Neste announced on Monday that it has selected Rotterdam, the Netherlands as the location for a possible next world-scale biorefinery
Malaysia’s palm oil inventories fell more than analysts expected in February as production declined and imports declined, industry regulator data showed on Wednesday.