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 […]
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 […]
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 […]
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 […]
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. […]
In Singapore, prices for Brazilian hydrous ethanol exports to northeast Asia are holding steady at around $580-600/cbm CFR for offers and $560 for buyers due to a lack of storage capacity available for new shipments. Lack of demand in the region is likely to continue for sometime, reducing the likelihood of purchases in the near-term. […]
In Singapore, a closed-door biofuel roundtable organized by the Maritime and Port Authority of Singapore, BHP and GoodFuels Marine, brought some excitement to the maritime biofuels world – almost as much excitement as when we first saw Monty Python’s the Knights of the Roundtable song and dance. While we didn’t hear about any dancing or […]
