In Malaysia, the New Straits Times newspaper reports that despite the ongoing trade dispute in Europe with southeast Asian trading partners over the sustainability and therefore market reception of palm oil, Malaysia expects to export palm oil certified by its national sustainability certification scheme to Europe in 2020. The government is aiming for 100% of […]
In Malaysia, the Daily Express newspaper reports that FGV has teamed with the national palm oil board to trial B20 in the company’s transport arm’s tanker trucks, running 30,000 km over a six-month period. Extensive data collection will monitor the fuel quality as well as impacts on engines to show the use of B20 doesn’t […]
In Malaysia, the Malaysian Reserve newspaper reports that as the country continues to look for ways to get back at the European Union for banning palm oil as biofuel feedstock, one tactic the government is exploring is to remove from store shelves products that advertise being “palm oil-free” or having “no palm oil.” Indonesia started […]
In Malaysia, the Malay Mail newspaper reports that the country’s primary industries minister said she hopes that more R&D budget will be allocated towards finding alternative uses for palm oil, specifically referring to aviation biofuel as well as household products. She also highlighted increased focus on the national palm oil sustainability scheme which she said […]
In Malaysia, AirAsia’s CEO says the company is interested in using aviation biofuels but that the R&D required is beyond its capacity, so it is exploring partnering with Airbus. The company just signed an order for 42 new Airbus aircraft valued at more than $5 billion. The group CEO didn’t mention a timeline for the […]
In Malaysia, the New Straits Times newspaper reports that the new palm oil industrial cluster port in Lahad Datu has successfully offloaded its first 1,500 metric ton shipment of methanol for a nearby biodiesel producer. Genting Group, who produces 300,000 tons of biodiesel annually in the area nearby says that bringing in methanol by ship […]
In Malaysia, Bloomberg reports that the country’s prime minister said in an opinion column that the UK could avoid the European trade war with the country by taking its own route post-Brexit by importing palm oil. Though he said he hopes to avoid a trade war with the EU and continues to “hold out the […]
In Indonesia, Foreign Brief reports that the country’s president is meeting with his Malaysian counterpart to strategize about how to tackle the European threat to their palm oil exports. On the table are suspending free trade talks with Europe and canceling billions of dollars’ worth of trade deals in retaliation for Europe having ignored the […]
In Malaysia, a Reuters survey of seven planters shows that palm oil stocks rose to 2.47 million metric tons as of the end of July, up 1.8% on the month and the first increase in five months. Stocks were around 3 million tons earlier in the year which weighed heavily on prices but have been […]
In Malaysia, Bernama news agency reports that palm oil consumption is expected to increase by 800,000 metric tons by the end of the year thanks to implementation of the B10 mandate that began on February 1. Earlier in the year, the country was holding on to 7 million tons of palm oil stocks that weighed […]
