Tag: Singapore

Neste takes the plunge and decides to invest EUR1.4 billion in tripling renewable production in Singapore

December 12, 2018 | Meghan Sapp

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 […]

Singapore port authority to invest in alternative fuel R&D

October 3, 2018 | Meghan Sapp

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 […]

Wilmar’s Q2 results boosted by positive biodiesel economics

August 15, 2018 | Meghan Sapp

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 […]

Wilmar cuts ties with palm oil provider who deforested land after Greenpeace pressure

June 25, 2018 | Meghan Sapp

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 […]

Northeast Asian ethanol market getting concerned over Brazilian truckers strike

May 30, 2018 | Meghan Sapp

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 […]

Argus launches Chinese UCO and UCOME export price reporting

January 31, 2018 | Meghan Sapp

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 […]

Noble Americas South Bend Ethanol sold for final price of $18.1 million

January 2, 2018 | Meghan Sapp

In Singapore, the Business Times says the final price paid for Noble Americas South Bend Ethanol plant in South Bend, Indiana was $18.1 million instead of the $18.5 million Mercuria Investments paid on December 12 after an adjustment was made and $400,000 was returned to the new buyer. The sale was part of a larger […]

Neste moves forward with Renewable Products program

December 16, 2017 | Helena Tavares Kennedy

In Finland, Neste’s Board of Directors decided that Neste’s additional production capacity for renewable diesel, renewable aviation fuel and raw materials for various biochemical uses will be located in Singapore. The decision initiates technical design of the new production line, with the aim of a final investment decision by the end of 2018. If the […]

SE Asia ethanol prices fall to near seven-year lows

November 23, 2017 | Meghan Sapp

In Singapore, SE Asia ethanol prices fell to near record lows during the week ending Wednesday since ICIS started tracking prices in January 2011 at $465-469/cu m basis cost and freight, down as much as $8/cu m on the week. Chicago Board of Trade ethanol futures fell slightly this past week as well, so SE […]

Wilmar’s net pre-tax profits slump 51% on lower Indonesian biodiesel quota

November 14, 2017 | Meghan Sapp

In Singapore, Wilmar’s Indonesian biodiesel business was awarded 175.3 million liters for the May to October period, down from 241.4 million liters during the previous six months, which hit the company’s overall earnings hard. The lack of quota mixed with smaller margins saw a 51% drop in pre-tax profits for the company’s tropical oils business. […]