Tweet In Malaysia, Roundtable on Sustainable Biomaterials (RSB) has launched an initiative with the help of The Boeing Company to support small farmers in Southeast Asia by expanding their opportunities to grow feedstocks that produce sustainable fuels. More than 60 participants from 15 countries attended a three-day South-East Asian workshop on “Sustainable Biomaterials for Better […]
Tweet In Malaysia, LMC International says that increased demand for palm oil as a biofuel feedstock will boost CPO prices to $858 per metric ton by early next year. Currently the differential between Brent crude and CPO is such that it’s profitable for businesses to be producing biodiesel. A major recovery in soft oils like […]
Tweet In Malaysia, palm oil prices over the next six months will hinge on Indonesia’s production but prices could foreseeably reach as high as $872 per metric ton. That’s more than 25% higher than closely-watched analyst Dorab Mistry’s previous estimate. Rising prices would likely lead to a fall in demand, pulling the floor out of […]
Tweet In Malaysia, RHB Research says that the national biodiesel mandates implemented by Malaysia and Indonesia should go a long way towards stabilizing palm oil prices. Malaysia will boost its biodiesel blend to 7% in December from 5% currently while Indonesian state-owned oil company just finished a tender to purchase 6 million metric tons of […]
Tweet In Malaysia, Felda Global Ventures has sent its first ever biodiesel shipment to Europe, with 4,200 metric tons of ISCC certified palm oil biodiesel heading to Switzerland, via Rotterdam. The company is also looking to supply US and Chinese markets now that it has surpassed the sustainability and quality standards set by the EU.
Tweet In Malaysia, Mission NewEnergy Limited announced its wholly owned subsidiary Mission Biotechnologies Sdn Bhd (MBTSB) has completed the sale of its 100,000 tpa biodiesel refinery to Felda Global Ventures Downstream Sdn Bhd for US$11.5 million as announced on 17 April 2013. MBTSB will utilize the entire proceeds from the sale to reduce loans from the […]
Tweet In Malaysia, biodiesel producers took the place of Indonesian exporters in the spot market during September due to the latter having already committed most of its production. Malaysian biodiesel is typically $70 to $120 per ton more expensive than Indonesian biodiesel, meaning that production is usually limited to the domestic market. It’s unclear how […]
Tweet In Malaysia, palm oil futures sank to a six-week low of $706 per metric ton on Thursday due to shrinking demand for biodiesel following a slip in petroleum prices. Export numbers for palm oil have also fallen, with exports only up 6% in September compared to 13% export growth seen earlier in the month.
Tweet In Malaysia, Japan’s Asian Energy Investments has teamed with Malaysia to set up a $100 million venture capital fund that will invest in clean energy projects in South East Asia. Part of the fund’s goal will be to finance alternative feedstocks to palm oil that has been too expensive, leaving many of the country’s […]
Tweet According to Bloomberg, palm oil prices may slump to 2009 lveles by January claims Dorab Mistry, director at Godrej International Ltd. Futures are expected to retreat to $629 per metric ton. The causes for the drop explored in the article include U.S. weather, which hurt the US soybean crop, expanding supplies between Malaysia and […]