In Malaysia, Verdezyne and Bio-XCell Malaysia have reached an agreement to construct Verdezyne’s first commercial-scale renewable chemicals manufacturing facility in Bio-XCell’s premier biotechnology and ecosystem park in Nusajaya, Iskandar, in southern Malaysia. The multi-faceted agreement includes the 13-year, renewable lease of a 6.9-acre site, as well as a loan of approximately $75 million from Bio-XCell. […]
In Malaysia, Felda Global Ventures announced it intends to more than triple its biodiesel production to 350,000 metric tons by 2016 by investing $47.5 million in expanding capacity at its Kuantan biodiesel plant. The plans were announced at an event showcasing its B30 trial on commercial transport vehicles. The company plans to show the way […]
In Malaysia, Sarawak Oil Palms began commissioning its biodiesel plant in Sarawak, running at about 50% of its installed capacity of 300 metric tons per day. The facility is expect to supply the region for the mandated B7 blend. It is one of the last regions to implement biodiesel blending due to the lack of […]
In Malaysia, palm oil production hasn’t fallen as much as expected, in turn boosting stocks to the highest levels seen since February 2013 of 2.17 million metric tons, up 3.7% on the month. Production has only fallen 0.2% compared to the 3.2% expected by analysts. Exports have also fallen by 1.4% to 1.61 million tons. […]
In Malaysia, FGV Biotechnologies plans to boost its palm oil biodiesel exports to 70% of its total production, equaling about 100,000 metric tons annually, with main export destinations including the EU, China, the United States and South-East Asia. Rather than using CPO like most biodiesel producers, the company uses Palm Fatty Acid Distillates, which it […]
In Malaysia, the national sustainability program for palm oil—Malaysian Sustainable Palm Oil, MSPO—is set for launch in January as a way to help market the country’s CPO. Ongoing talks for the Malaysia-European Union Free Trade Agreement and the Trans-Pacific Partnership are expected to provide additional export demand, and that MSPO meant to support those exports. […]
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.
In Malaysia, the biodiesel blend will jump to 7% from the current 5% in November. Domestic palm oil prices have fallen 20% this year due to oversupplies. National palm oil consumption to boost to 575,000 metric tons per year upon implementation of the B7 policy. The country is also exploring boosting the blend to 10% […]
In Malaysia, palm oil prices are following crude oil prices south, closing at $664.01 per metric ton on Monday. Brent crude fell to $88. Demand for vegetable oils for biodiesel is falling as fossil fuel prices slip further. In the US, soybean production is expected to rise 17% on the year, adding more supplies to the […]
In Malaysia and Illinois, prices for palm oil and soy oil both fell to five-year lows following a current glut and expectation of further supplies from a bumper soy crop. The cheap prices are expected to boost demand, however, which Oil World says will least to stronger prices.