NGOs, scientists hit back at food vs fuel, indirect land use change proponents with hard data

From Bangkok to Fargo, biofuels scientists have hit back at what they term faulty research and misguided priorities – with a series of presentations on palm oil, indirect land use change, and food vs fuel.
In Thailand, the private, non-industry related NGO World Growth, founded by Australian diplomat Alan Oxley, released a new report exposing what [...]

September 30, 2009 | Jim Lane | Comments 1

Malaysia, Indonesia pledge cooperation to reduce palm oil supply, stabilize prices

Malaysia and Indonesia announced that they would cooperate to stabilize prices for palm oil, which have plummeted since the summer. The two countries control 85 percent of global palm oil production. The countries said they will take steps to manage palm oil stocks and reduce supply by accelerating replanting of older oil palm trees. The [...]

February 27, 2009 | Jim Lane | Comments 0

Malaysian crude palm oil prices fall back to $500 mark; government to accelerate domestic biodiesel

In Malaysia, crude palm oil prices fell back again to the $500 mark, after recording gains in recent weeks. The Malaysian government pledged to increase CPO demand by moving forward with implementation of the 2007 Biofuels Industry Act and other biodiesel support activities. The national government is set to introduce B5 biodiesel in government vehicles [...]

January 22, 2009 | Jim Lane | Comments 0

Thai government rejects B3 mandate push

In Thailand, the Bangkok Post is reporting that the Thai government has rejected a push by business to increase the Thai biodiesel mandate from B2 to B3. The B2 mandate commenced in early 2007, and B5 has proven popular with the market, obtaining a market share of around 18 percent of the total diesel market. [...]

January 09, 2009 | Jim Lane | Comments 0

AES says various palm oil projects are “impaired”

In Virginia, AES announced that it expected impairment charges of $30-$65 million where the “carrying value of certain projects exceeded their net realizable value. Under generally accepted accounting principles, the Company is required to write down these assets to their net realizable value.”
The projects that have been impaired include certain liquefied natural gas projects supplying [...]

January 05, 2009 | Jim Lane | Comments 1

Palm oil futures rise 4.5 percent on petroleum oil supply concerns

In Malaysia, palm oil futures began the year with a sudden rise of more than $40 per barrel as concerns rose that increased unrest in the Middle East may interrupt fuel supply. Crude oil has risen to $40 per barrel in recent days, up more than two percent, but palm oil rose more than four [...]

January 02, 2009 | Jim Lane | Comments 0

The Top 10 Biofuels Stories of the Year: #6, Commodity prices

Palm, corn, wheat, ethanol, oil, and soybeans went on their biggest Coney Island rollercoaster ride ever this year, with corn rising as high last summer as $7.85 in the futures markets before falling to $3.50 late in the year. Oil famously climbed into the $130s before falling to $38 by year end.
Palm went as high [...]

December 31, 2008 | Jim Lane | Comments 0

All Entries Tagged With: "palm oil"