In Singapore, Platts reports that with crude palm oil stocks falling in both Malaysia and Indonesia, prices rose to $648 per metric ton in early December against around $500 per ton at the start of the year, but even with higher prices, the POGO spread between the cost of heating oil and palm oil futures […]
In Singapore, Platts reports that Golden Agri expects palm oil prices to return to around the $700 per metric ton FOB Belawan mark in the next six months compared to current Malaysian futures levels of $612.50/mt on the back of Indonesia’s B30 mandate. The policy is set for implementation on January 1, 2020. The company […]
In Singapore, Reuters reports that the US Grains Council sees Asia as a major market for increased ethanol imports, where it current exports about 300 million gallons per year but could reach 1 billion gallons in the next five years. With the ongoing trade war with China that has hit ethanol demand hard, that target […]
In Singapore, Reuters reports that BB Energy has hired two traders for the Asia Pacific region to focus on biofuels and petrochemicals thanks to what it sees as promising growth in the sector, pointing to the need to diversify away from conventional fuel markets. Profits from traditional energy products like diesel and jet fuel have […]
In Singapore, following up from the EUR1.4 billion investment to expand its renewable products production capacity in Singapore, Neste held a foundation stone ceremony to officially mark the extension of the new production line. The construction started at the beginning of the year. As a result of the investment, Neste will have more options to […]
In Singapore, ICIS reports that palm oil-based biodiesel prices are holding steady at $580-630/ton FOB SE Asia as both buyers from China and many sellers remain on the sidelines of the market. Demand is available at below that range but sellers say they can’t make a profit at below $610/ton. Increased domestic demand through biofuel […]
In Singapore, the Straits Times newspaper reports that USP Group and AJ Jetting Pte Ltd have amended the term sheet for the sale of more than 93% of USP’s Biofuels Research for $5.59 million to extend the deadline for the final purchase agreement to July 5 from June 15. USP has received a good faith […]
In Singapore, Bloomberg reports that the head of Golden-Agri Resources says the EU will eventually have to compromise on its extreme stance regarding the banning of palm oil because reality doesn’t allow for a massive increase in soybean and canola production to make up for the supply gap. In an interview, he said that the […]
In Singapore, Nanyang Technological University, Singapore (NTU Singapore) scientists have developed a sustainable way to demonstrate a new genetic modification that can increase the yield of natural oil in seeds by up to 15 per cent in laboratory conditions. The new method can be applied to crops such as canola, soybean and sunflower, which are […]
In Singapore, USP Group Limited announced that it has entered into a non-binding term sheet with AJ Shanaya Venture Pte Ltd, a company jointly owned by the founders of AJ Jetting Pte Ltd and Shanaya Environmental Services Pte Ltd, to sell its subsidiary company, Biofuel Research Pte Ltd to them. Biofuel Research Pte Ltd is […]
