Tag: palm oil

Palm oil-based biodiesel exports to China and EU soar in Q1

Palm oil-based biodiesel exports to China and EU soar in Q1

April 3, 2019 |

In Malaysia, Bloomberg reports that biodiesel exports to China and the EU from both Malaysia and China have soared during the first quarter of 2019, perhaps as much as 30% to 145,000 metric tons. At least another five cargos totaling as much as 250,000 tons have been booked for China for delivery between March and […]

Read More

Japan gives Indonesia two more years to demonstrate palm oil sustainability

Japan gives Indonesia two more years to demonstrate palm oil sustainability

April 3, 2019 |

In Japan, Reuters reports that the national trade and industry ministry has pushed back the requirement for palm oil used in biomass power plants to have Roundtable on Sustainable Palm Oil certification until 2021 rather than the previously planned March 31, 2019 deadline. The extension came as part of bilateral cooperation negotiations with Indonesia. Japan […]

Read More

Indonesia looks to bring forward B30 transition in response to EU palm oil ban

Indonesia looks to bring forward B30 transition in response to EU palm oil ban

March 28, 2019 |

In Indonesia, the Jakarta Post reports that the European Union’s ban against palm oil for use in biodiesel due to its indirect land use change calculations is the driver for Indonesia to race towards implementation of a B30 mandate, helping to absorb some of the surplus oil that would typically go to Europe. Introduction of […]

Read More

Malaysia threatening fighter jet purchases on back of EU palm oil ban

Malaysia threatening fighter jet purchases on back of EU palm oil ban

March 25, 2019 |

In Malaysia, as the country looks to pull out all the stops to keep the European Union from blocking the use of palm oil for biodiesel due to alleged high indirect land use risk, it is now looking to hit Europe where it hurts—with fighter jets. Not the use of them, but the purchase of […]

Read More

EU Ambassador says there is no EU ban on palm oil

EU Ambassador says there is no EU ban on palm oil

March 24, 2019 |

In Indonesia, Ambassador of the EU to Indonesia Vincent Guérend said in a statement on Friday that no specific biofuel or feedstock is targeted, all vegetable oils are treated equally, and palm oil is not identified as a bad biofuel, according to Antara News. “Biofuels are an important element of the EU’s renewable energy policy. […]

Read More

Eni looking to phase out palm oil as completely as possible

Eni looking to phase out palm oil as completely as possible

March 19, 2019 |

In Italy, Eni says it is working towards achieving the European Union rule to phase out palm oil as feedstock for biodiesel as it works to integrate other feedstocks into its supply chain such as used cooking oil through various partnerships nationwide. The company says it might even be able to eliminate the use of […]

Read More

Malaysia wants EU to suspend anit-palm oil policy until its scientific voracity can be proven

Malaysia wants EU to suspend anit-palm oil policy until its scientific voracity can be proven

March 19, 2019 |

In Malaysia, the Bernama news agency reports that the country’s palm oil council says the European Union’s sustainability criteria for biofuels banning the oil’s use due to allegedly high indirect land use change impacts should be suspended until the ILUC rule can be proven to be scientifically-based and non-discriminatory. In response to the EU’s rule […]

Read More

Malaysia joins Indonesia with WTO threats to the EU over palm oil

Malaysia joins Indonesia with WTO threats to the EU over palm oil

March 17, 2019 |

In Malaysia, over the weekend, the government threatened to challenge the European Union via the World Trade Organization if the EU continues to phase out palm oil from transportation fuel. Malaysia’s foreign ministry responded to the EU’s plan to phase out palm oil that was published on Wednesday as a “calculated political act” aimed at […]

Read More

FGV sees palm oil range at between $491.8 and $614.7 per ton

FGV sees palm oil range at between $491.8 and $614.7 per ton

February 28, 2019 |

In Malaysia, Reuters reports that FGV sees crude palm oil prices rising to a range of between $491.8 and $614.7 per metric ton thanks to increased demand from domestic biodiesel blending and growing exports mixed with smaller production for the year. FGV, the largest palm oil producer in the country, is having to shift its […]

Read More

Indonesia’s two presidential candidates both push for palm oil-based biodiesel

Indonesia’s two presidential candidates both push for palm oil-based biodiesel

February 23, 2019 |

In Indonesia, both presidential candidates, Joko Widodo and Prabowo Subianto, pushed for increasing the production and consumption of palm oil in their recent presidential debate. Both the incumbent President and the challenger said that increasing the use of palm oil in biofuels will help the country reach self-sufficiency and rely less on imports for energy […]

Read More