In Malaysia, CNA reported that the government of Malaysia said it will closely monitor how the EU responds to a World Trade Organization (WTO) ruling that supported the bloc’s stance that palm oil-based biodiesel should not count as a renewable biofuel, but sought changes in how it implemented that decision.The report noted that a WTO […]
In Malaysia, the Borneo Post reports Gamalux expects to produce 100,000 metric tons of sustainable aviation fuel feedstock from palm oil before the end of the year. Last year, the company produced about 80,000 tons of SAF feedstock, with most going to Europe. The company is aiming to be the largest biofuel feedstock producer in […]
In Malaysia, Reuters reports palm oil prices are expected to rise over the next few months in part due to increasing demand for biodiesel as well as stagnating production in key countries Indonesia and Malaysia. Palm oil prices have already increased 10% in 2024. Growth in palm oil is expected to be the lowest in […]
In Geneva, the WTO circulated the panel report in the case brought by Malaysia in “European Union and Certain Member States — Certain measures concerning palm oil and oil palm crop-based biofuels”. Malaysia challenges certain measures introduced by the European Union (EU) concerning biofuels, notably those relating to the determination of palm oil as a […]
In Malaysia, The Edge reported that Straits Energy Resources said its subsidiary Tumpuan Megah Development is set to enter the marine biofuel trading and bunkering industry in the first quarter of 2024, after it was certified by the International Sustainability and Carbon Certification (ISCC EU) scheme. Tumpuan Megah is the first Malaysian industry player to […]
In Malaysia, Platts reports that palm oil prices are expected to recover next year thanks to increased demand following increases in biodiesel blending worldwide, while palm oil production is likely to remain stagnant in Indonesia and Malaysia. By the third quarter of 2024, analysts expect palm oil futures prices to reach beyond $850 per metric […]
In Yemen, Reuters reports that Houthis attacked a cargo ship that was heading to Italy from Malaysia where it loaded 15,000 metric tons of palm oil waste and residues. The feedstock is destined for Eni’s biorefineries but the Houthis attacked the vessel due to a planned stop in Israel to deliver crude oil. The Houthis […]
