Tag: CHina

COFCO on the sidelines, saddled with debt, but Bunge-Glencor merger talks continue: report

COFCO on the sidelines, saddled with debt, but Bunge-Glencor merger talks continue: report

June 26, 2017 |

In China, Reuters is reporting that COFCO is now expected to sit out the current wave of global M&A amongst major agricultural firms, citing that “he state-run conglomerate is struggling to integrate businesses it bought three years ago, deals which made it a significant global agricultural trader but are now hindering its ability to swoop […]

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Chinese palm oil demand seen falling significantly, weighing on palm oil

Chinese palm oil demand seen falling significantly, weighing on palm oil

May 30, 2017 |

In China, demand for palm oil imports is seen falling significantly due to the release of domestic rapeseed oil stores and increasing soy oil production from crushed imported beans. Imports could fall by half, pressuring palm oil prices from Malaysia and Indonesia. Three palm oil cargoes for July and August delivery were already canceled due […]

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Chinese ethanol exports soar by 1,000% as ethanol policy shifts market

Chinese ethanol exports soar by 1,000% as ethanol policy shifts market

May 23, 2017 |

In China, ethanol exports soared by more than 1,000% in April at more than 13,540 cubic meters while imports slowed to a trickle in demonstration of the government’s dramatic shift towards domestic production as it works its way through more than 20 million metric tons of spoiled corn reserves. With new import taxes in place, […]

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Ethanol industry looking for a trade fight with China

Ethanol industry looking for a trade fight with China

May 22, 2017 |

In Washington, the head of the Renewable Fuels Association told a Commerce Department hearing last Thursday that it wants action taken against China’s moves to block imports of ethanol and DDGS which the RFA says is significantly injuring American farmers and ethanol producers. With the governor of Iowa nominated to be the ambassador to China, […]

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China and Indonesia agree on crude palm oil for B5

China and Indonesia agree on crude palm oil for B5

May 15, 2017 |

In China, Indonesia’s president has agreed with his Chinese counterpart to boost crude palm oil exports to the country in order to help supply the 5% biodiesel blending mandate. In addition, he encouraged the Chinese president to promote investment from Chinese companies into Indonesia’s CPO derivative industry in an effort to develop closer ties. The […]

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Shaanxi Yanchang Petroleum commissions coal-to-ethanol plant

Shaanxi Yanchang Petroleum commissions coal-to-ethanol plant

May 1, 2017 |

In China, Shaanxi Yanchang Petroleum has brought online its 100,000 metric ton per year ethanol plant that uses syngas produced from coal, using technology the company developed with the Chinese Academy of Sciences and Dalian Institute of Chemical Physics in Liaoning province. A non-precious metal catalyst converts the syngas into anhydrous ethanol. The company hopes […]

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China’s March ethanol imports slow down to a trickle at just 33 cubic meters

China’s March ethanol imports slow down to a trickle at just 33 cubic meters

April 26, 2017 |

In China, March ethanol imports were just 33 cubic meters, compared to 99,661 cu m during March 2016, in response to the government’s implementation of import tariffs on ethanol to support its attempts to work through 20 million metric tons of spoiled corn reserves in the next five years. Imports came from the US, Germany […]

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China to work through 250 million ton corn stockpile in five years

China to work through 250 million ton corn stockpile in five years

April 20, 2017 |

In China, the government is planning to work through its 250 million metric ton corn stockpile over the next five years as companies such as COFCO Biochemical boost their processing capacity for products such as ethanol. The company expects to process 10 million tons per year by 2020, up from 6 million tons now, while […]

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Here comes BioChina: Amyris, others bypass the 4 Myths of Business in the Middle Kingdom

Here comes BioChina: Amyris, others bypass the 4 Myths of Business in the Middle Kingdom

April 18, 2017 |

From California arrives the very interesting news that Amyris has entered into an agreement with Blue California whereby its affiliates will provide access to its fermentation manufacturing in China and provide the necessary capital to produce No Compromise ingredients for Amyris.  Turns out that China sales have been doubling. Blue California might seem an unlikely […]

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DDGS prices fall 47% since June high as Chinese demand slides

DDGS prices fall 47% since June high as Chinese demand slides

April 13, 2017 |

In China, imports of US DDGS have fallen by 69% on the year during the six months through February as the country continues to lob tariffs on imports of both ethanol and its byproduct. US exports of DDGS have fallen to 10-year-lows on the back of the trade spat, so with lack of demand comes […]

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