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 […]
In Finland, Neste Corporation has made the final investment decision on additional renewable products production capacity in Singapore. The decision is based on a growing global market demand for low-carbon solutions in transport and cities, aviation, polymers and chemicals. The investment worth approximately EUR1.4 billion will extend Neste’s renewable product overall capacity in Singapore by […]
In Singapore, the maritime and ports authority has awarded $3.6 million for research into the use of alternative fuels like ethanol and methanol for bunker fuel. The move is part of the agency’s push to comply with the International Marine Organization’s 2050 goals to cut carbon emissions from marine transport by half. The MPA has […]
In Singapore, The Edge reports that Wilmar’s Q2 was saved in large part thanks to biodiesel due to the positive spread between crude palm oil and gasoil, a feature that is likely to continue throughout the year. Looking ahead into 2019, discretionary demand from the European Union thanks to this positive spread as well as […]
In Singapore, Reuters reports that following naming and shaming from Greenpeace, Wilmar says it no longer purchases palm oil from those identified by the NGO as having deforested in order to plant their oil palm plantations as of June 20. Wilmar has a No Deforestation, No Peat, No Exploitation policy that it set up after […]
In Singapore, ICIS reports that the Brazilian truckers strike has seen hydrous ethanol trade in Northeast Asia grind to a halt, although prices are holding steady at around $605-620/ton CFR, roughly three year highs, until they are heard differently. In the meantime, no one is talking within the trade. ICIS said Asian buyers were checking with their […]
In Singapore, surging exports of used cooking oil (UCO) and UCO methyl ester (UCOME) from China to Europe have led to a need for greater market transparency. Leading global energy and commodity news and price reporting agency Argus has responded by launching price assessments today for these products, which are used as biodiesel. The new assessments […]
