Tag: palm oil

Norway’s Parliament votes to end palm oil-biodiesel sales, consumption and procurement

Norway’s Parliament votes to end palm oil-biodiesel sales, consumption and procurement

June 14, 2017 |

In Norway, the Parliament approved a list of biofuel-related policies from asking the government to ban the use and public procurement of palm oil-based biodiesel to implementing the European Union’s sustainability criteria for biofuels. What’s more, it called on the fuel retail industry to join together in order to not use palm oil-based biodiesel and […]

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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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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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Rabobank revises down Malaysian palm oil price estimates due to production recovery

Rabobank revises down Malaysian palm oil price estimates due to production recovery

April 27, 2017 |

In Malaysia, Rabobank has revised down its estimate for palm oil prices to $574.85/mt during the second quarter as oil palms recover from the impacts of drought and begin to return to normal production levels. March production was higher than expected, weighing on prices to lower than the bank had estimated, as an example of […]

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Malaysia and Indonesia to sent ministerial delegation to Brussels over palm oil report

Malaysia and Indonesia to sent ministerial delegation to Brussels over palm oil report

April 26, 2017 |

In Malaysia, the government will send a high level joint ministerial mission including counterparts from Indonesia to Brussels next month in order to head off further negative policy moves following the European Parliament’s nearly unanimous opinion looking to bad palm oil for biodiesel by 2020. Malaysia’s prime minister is concerned about the shift in sentiment […]

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Indonesian palm oil industry says EU jeopardizing its own economy by shying away from CPO biodiesel

Indonesian palm oil industry says EU jeopardizing its own economy by shying away from CPO biodiesel

April 18, 2017 |

In Indonesia, the palm oil industry strongly believes that the European Parliament’s vote to ban palm oil for biodiesel production by 2020 is detrimental to the European economy because it is the cheapest feedstock for biofuel and requires far less land for the same yields as rapeseed or soy. The Indonesian government is pushing back […]

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Neste publishes information on all its crude palm oil suppliers

Neste publishes information on all its crude palm oil suppliers

April 6, 2017 |

In Finland, Neste has published updated information about all its crude palm oil suppliers on the company’s website. The data covers the entire supply chain, i.e. all companies, mills, and estates that supplied Neste with crude palm oil in 2016.The dashboard website offers information on the suppliers, certification systems used, and certification documentation, and provides […]

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European Parliament votes nearly unanimously to phase out use of palm oil in biofuels by 2020

European Parliament votes nearly unanimously to phase out use of palm oil in biofuels by 2020

April 4, 2017 |

In Belgium, to counter the impact of unsustainable palm oil production, such as deforestation and habitat degradation, particularly in South-East Asia, the EU should introduce a single certification scheme for palm oil entering the EU market and phase out the use of vegetable oils that drive deforestation by 2020, say MEPs in a resolution voted […]

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Malaysian palm oil industry says its R&D paved the way for higher blends

Malaysian palm oil industry says its R&D paved the way for higher blends

March 29, 2017 |

In Malaysia, the palm oil board lashed back at the economist who said the country and industry hadn’t invested sufficiently in biodiesel research, leaving the country behind other major players. The board’s head of R&D said the industry had been investing in projects since the 1980s, starting with the first continuous process biodiesel pilot facility […]

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Displacing communities key factor in African land disputes

Displacing communities key factor in African land disputes

February 16, 2017 |

In Senegal, 63% of disputes related to private sector land and natural resource investments in Africa began when communities were forced to leave their lands, according to new research released by TMP Systems and the Rights and Resources Initiative. In West Africa, plantation agriculture—especially palm oil projects—drive a majority of disputes. Community displacement was the […]

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