In the Philippines, the Manila Standard newspaper reports that the Office of the President has asked the agriculture ministry to investigate the alleged illegal use of imported palm oil that is displacing domestic coconut oil production for biodiesel and cooking oil. The imports are less expensive than the domestic oil and are having a negative […]
In China, Yicai Global reports Zanyu Technology plans to invest $147.6 million to produce 200,000 metric tons of palm oil-based biofuels and 350,000 tons of three other oleochemicals at the Palm Oil Industrial Cluster near the Port of Lahad Datu. Amongst the three oleochemicals will be glycerin. The first of two stages should be online […]
In Malaysia, Xinhua news agency reports that analysts expect crude palm oil prices to remain steady through the first quarter of next year thanks to a seasonally low production cycle and exceptional rains that are expected to continue through January. On the supply side, Indonesia’s stocks are thought to have fallen sharply recently, helping to […]
In the United Kingdom, Doehler Ventures has made an unspecified investment in Clean Food Group, a startup working on a fermentation-based alternative to palm oil. The German venture capital group will also collaborate with Clean Food Group and provide know-how in process scale-up. According to Innovations in Food Technology, the global market for palm oil […]
In Thailand, the Bangkok Post newspaper reports that Energy Absolute is exploring Sustainable Aviation Fuel production from palm oil. EA has been producing biodiesel for nearly two decades, currently at 800,000 liters per day, and believes it is ready to take the next step into SAF. In addition to biodiesel from palm oil, it also […]
In Minnesota, synthetic biology firm Calyxt, Inc., has completed the first phase of a research collaboration aimed at developing a soybean capable of producing an oil capable of replacing palm oil in commercial applications. The collaboration with an unnamed, leading global food ingredient manufacturer based in Asia leverages Calyxt’s proprietary PlantSpring™ platform for engineering plant […]
In Italy, Eni has definitively ended the procurement of palm oil for use at the Venice and Gela biorefineries for the production of hydrogenated biofuels. The last shipments arrived in the last few weeks, ahead of the declared goal of becoming ‘palm oil free’ by the end of 2022. Eni’s biorefineries in Venice and Gela […]
In Tokyo, consumer goods company Kao Corporation has joined a $120-million palm oil alternative venture launched earlier this year by Unilever and biobased chemicals producer Genomatica. The collaboration aims to commercialize an alternative to palm kernel oil being scaled by Genomatica. PKO is a precursor to multiple products in the home and personal care markets, […]
News arrives from California that global consumer products giant Kao has joined a venture to scale and commercialize plant-based alternatives to palm kernel oil, alongside Genomatica and Unilever. The company’s exact investment was undisclosed — the initial announce was the $120M Unilever and Genomatica announce —we understand that Kao’s invest is additive to that amount. […]
In the United Kingdom, a startup developing fermentation-based alternatives to palm oil hopes to begin sales in 2023. Palm oil is used across numerous products in food, cosmetics, and biofuels, but despite being renewable it is often linked to extensive deforestation and further threat to endangered species. Despite this, the palm oil market is forecast […]
