In Indonesia, Bloomberg Technoz reports the Indonesian Biofuel Producers Association (Aprobi) said that the high demand for crude palm oil (CPO) as raw material for biodiesel will shift the need for food, especially after B40 is tested in 2024. However, Aprobi Chairman Paulus Tjakrawan said that entrepreneurs are not worried that the high demand for […]
In Indonesia, Reuters reported that local flag carrier Garuda Indonesia has completed a test flight using a palm oil-blended jet fuel on a Boeing 737-800NG aircraft. According to the report, the aircraft flew more than 130 km from the capital Jakarta to Pelabuhan Ratu in the southern part of Java island in a one-hour return […]
In Malaysia, Reuters reports that following the heightened conflict between Hamas and Israel on Monday, oil prices rose 3% which have given a boost to palm oil prices that were falling due to excess supplies. With higher oil prices due to potential increased instability in the Middle East, demand could pick up for biodiesel which […]
In Indonesia, Reuters reports the attorney general’s office is launching an investigation into potential corruption in the palm oil fund agency between 2015 and 2022, with 15 people interviewed so far. The investigation will specifically look into the monthly biodiesel price index and potential manipulation, as that price index is what is used to determine […]
In Malaysia, Reuters reported that Malaysia’s palm oil board and state oil company Petronas have signed an agreement with the aim of studying the use of used cooking oil and palm oil waste as sustainable aviation fuel. The two entities signed a memorandum of understanding (MoU) on August 14 to explore the potential of palm-based […]
In Malaysia, The Star newspaper reports that the palm oil board has teamed up with Petronas to research the possibility of using used cooking oil and palm wastes including palm oil mill effluents (POME) as feedstocks for sustainable aviation fuels. POME volumes pose a challenge for the palm oil industry although some are already used […]
In Malaysia, Bernama news agency reports that Malaysian Palm Oil Board data shows the country’s palm oil stocks shrank by a whopping 21% in March to 1.67 million metric tons while crude palm oil stocks fell even further, by 23% to under 900,000 tons. Stocks fell sharply due to a more than 31% increase in […]
In the Philippines, the Business World newspaper reports the National Power Power Corp. (Napocor) has teamed with APTI Renewable Energy Corp. to develop projects using biofuel and biomass hybrid power, particularly its small power utilities group (SPUG) areas with particular focus on palm oil as feedstock. The companies plan to work together to build a […]
In Malaysia, JGC Holdings Corporation and Japan NUS (JANUS) have signed a memorandum of understanding with the Malaysian natural gas sales, marketing, and distribution company Gas Malaysia Bhd (GMB) for joint study of sustainable domestic palm oil industry development through effective utilization of unused resources from palm oil milling in the country. This project will […]
In Malaysia, Reuters reports that analysts believe palm oil stocks have fallen to a five-month low to 2.18 million metric tons as of the end of January on the back of slower production that may have fallen off 14% during the month to just 1.39 million tons. Even so, exports are expected to also have […]
