Tag: palm oil

Malaysia PM writes to French president asking for reprieve on palm oil

Malaysia PM writes to French president asking for reprieve on palm oil

January 17, 2019 |

In Malaysia, the Prime Minister has sent a letter to the President of France asking him to drop the de facto restrictions on palm oil from 2020 that will see tax breaks for fuels produced from the controversial feedstock come to an end. In the letter, the Prime Minister called the assertion that palm oil […]

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Total says French palm oil ban potentially jeopardizes Le Mede biorefinery

Total says French palm oil ban potentially jeopardizes Le Mede biorefinery

January 14, 2019 |

In France, Reuters reports that the country’s ban on using palm oil for biofuel could risk the viability of Total’s La Mede refinery it has spent $316 million to convert to HVO production. Following protests from local farmers, the company shifted its feedstock plans to use less than half of its total demand from palm […]

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Malaysian palm oil reserves highest since January 2000

Malaysian palm oil reserves highest since January 2000

January 10, 2019 |

In Malaysia, Reuters reports that as of the end of December, palm oil stocks reached a new high of 3.2 million metric tons—the highest seen since January 2000—following a total of 19.5 million tons produced during 2018. Though palm oil prices have begun to recover from three-year lows to around $531.87 per ton currently, high […]

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Small Malaysian oil palm farmers ask EU to reconsider ban

Small Malaysian oil palm farmers ask EU to reconsider ban

January 9, 2019 |

In Malaysia, Bernama news agency reports that the trade association representing small oil palm farmers is calling on the European Union to reconsider its ban on using palm oil in biodiesel from 2030 saying the ban is invalid and unjustified because of the efforts put into ensuring the sustainability of palm oil. It says the […]

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Indonesia wants to push for power production from palm oil biodiesel

Indonesia wants to push for power production from palm oil biodiesel

January 8, 2019 |

In Indonesia, the Jakarta Post reports that the government is pulling out all the stops in trying to boost demand for palm oil biodiesel, now exploring the conversion of state-owned power provider PLN’s diesel-based facilities to biodiesel. It is also looking at the possibility of allowing privately-owned power providers who are using biodiesel rather than […]

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Increased preference of bio-based products to augment methyl ester sulfonate market

Increased preference of bio-based products to augment methyl ester sulfonate market

January 6, 2019 |

In California, methyl ester sulfonates (MES) extracted from coconut oil and palm oil is picking up pace with rise in unrefined petroleum costs, trailed by the rise in petrochemicals costs, according to TMR Research. “MES is favored as it is gotten from an inexhaustible oleo-based raw material and offers great detergency, great biodegradability, and enhanced […]

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El Niño seen helping to control Malaysian palm oil production and push up prices

El Niño seen helping to control Malaysian palm oil production and push up prices

January 2, 2019 |

In Malaysia, although palm oil stocks are likely to remain high through the first quarter of the year, analysts expect prices to gradually increase thanks to dry weather from an expected El Niño and draining down of stocks later on the in the year. The Australian weather bureau believes there is currently a 70% chance […]

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Malaysia wants citizens to do patriotic duty and use as much palm oil as possible

Malaysia wants citizens to do patriotic duty and use as much palm oil as possible

January 1, 2019 |

In Malaysia, the government wants its citizens to do its patriotic duty by boosting consumption of palm oil, no matter their economic status and across all types of uses, in an effort to push up palm oil prices. Beyond the higher B10 blending mandate that came into effect in December after several years of going […]

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Malaysia says Norway palm oil ban will get in the way of Malaysia-EFTA trade deal

Malaysia says Norway palm oil ban will get in the way of Malaysia-EFTA trade deal

December 31, 2018 |

In Malaysia, Reuters reports that the country sees Norway’s ban on palm oil for biodiesel beginning in 2020 as a major roadblock to concluding multilateral trade negotiations between Malaysia and the European Free Trade Area, which includes the European Union plus Switzerland and Norway. The Malaysia-EFTA trade pact last held negotiations in May 2017 but […]

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Malaysia looking at ways to boost domestic demand for palm oil beyond B10

Malaysia looking at ways to boost domestic demand for palm oil beyond B10

December 26, 2018 |

In Malaysia, in light of the largest palm oil stocks seen in 18 years and prices currently three-year lows of around $505 per metric ton, Reuters reports that the government is looking at ways to boost demand locally for palm oil to help reduce the surplus and boost prices. Already the government cut export duties […]

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