Tag: FGV

FGV looking at oil palm residues for renewable energy as key to post-pandemic recovery

FGV looking at oil palm residues for renewable energy as key to post-pandemic recovery

May 21, 2020 |

In Malaysia, the New Straits Times reports FGV is looking at how renewable energy such as biogas from oil palm waste for power production can help its post-COVID-19 recovery. Power produced from biogas via gensets would then be supplied to the national grid. Increased export of palm kernel shells for use as biomass to produce […]

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FGV sees COVID-19 significantly impacting palm oil production this year

FGV sees COVID-19 significantly impacting palm oil production this year

April 28, 2020 |

In Malaysia, the Star newspaper reports that FGV sees palm oil production dropping significantly due to impacts from COVID-19. The national movement control order has been in effect since March 18 which has kept farm workers from harvesting the oil palms. Customers and businesses have also been effected by the order which will have further […]

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FGV teams with Malaysian Palm Oil Board on B20 truck trial

FGV teams with Malaysian Palm Oil Board on B20 truck trial

September 16, 2019 |

In Malaysia, the Daily Express newspaper reports that FGV has teamed with the national palm oil board to trial B20 in the company’s transport arm’s tanker trucks, running 30,000 km over a six-month period. Extensive data collection will monitor the fuel quality as well as impacts on engines to show the use of B20 doesn’t […]

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FGV sees palm oil range at between $491.8 and $614.7 per ton

FGV sees palm oil range at between $491.8 and $614.7 per ton

February 28, 2019 |

In Malaysia, Reuters reports that FGV sees crude palm oil prices rising to a range of between $491.8 and $614.7 per metric ton thanks to increased demand from domestic biodiesel blending and growing exports mixed with smaller production for the year. FGV, the largest palm oil producer in the country, is having to shift its […]

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Malaysia teams with FGV to get smallholder oil palm farmers certified sustainable

Malaysia teams with FGV to get smallholder oil palm farmers certified sustainable

September 4, 2018 |

In Malaysia, the primary industries ministry will team with FGV to help small holder farmers achieve the national sustainable palm oil certification. At the moment, only 20% of palm oil production achieves the national certification but the government’s target is for 100% by the end of 2019. To achieve this goal, the government will loop […]

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FGV exports palm oil biodiesel to China for first time

FGV exports palm oil biodiesel to China for first time

October 28, 2014 |

In China, Malaysia’s Felda Global Ventures Holdings has exported 6,000 metric tons of PME to the Nansha Port, Guangzhou, a first for the company. It hopes to further penetrate what is says is the world’s largest biodiesel market. The company represents more than 31% of Malaysia’s PME exports.  

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Felda Global Ventures (FGV) to acquire SPC Biodiesel in Malaysia

Felda Global Ventures (FGV) to acquire SPC Biodiesel in Malaysia

December 16, 2013 |

In Malaysia, Felda Global Ventures Holdings (FGV) is in negotiations to acquire SPC Biodiesel, an idle biodiesel plan. However, industry sources indicated that FGV was not the only company looking to acquire the plant, with ballpark figures around USD $10 million. Earlier this year, FGV bought a 100% stake in Pontian United Plantations, which is […]

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UNICA wants Brazil to reinstate ICMS tax policy

UNICA wants Brazil to reinstate ICMS tax policy

October 7, 2013 |

In Brazil, following a study by Fundação Getúlio Vargas (FGV) on behalf of UNICA, UNICA wants the ICMS tax policy reinstated in order to get back incentives for ethanol. The study says that re-implementing the policy will help to reduce inflation as well because the extra taxes levied on fossil fuels goes to subsidizing public […]

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