The increase in Europe’s Used Cooking Oil (UCO) Demand has resulted in a heavy reliance on imports According to Transport and Environment (T&E) reports. Daily, Europe is burning around 130.000 barrels of used cooking oil. This amount is as much as 8 times more than the UCO amount collected in Europe. Adding to the matter, …
Increasing EU and US Used Cooking Oil Demand, Supply Shortage Read More »
The International Standards Organization (ISO) has announced a new specification for fuels used in marine applications. By publishing ISO 8217:2024, ISO sets a new specification for fuel used in marine applications. These new fuel specs, set a new detailed requirement for more environmentally friendly fuel alternatives, including The new specs of b100 biodiesel. With the …
ISO Publishes a New Specification of Fuel Used in Marine Application Read More »
According to a report by Bloomberg, Latin American palm oil exports have increased in recent years. According to US Department of Agriculture (USDA) data, Latin America’s, central and south American palm oil exports have increased by 70% in the last decade. The global palm oil shipment, on the other hand, is only experiencing a 14% …
According to the World Grain Report, Russia has urged the BRICS, a trade alliance between nine emerging countries, to establish an inter-bloc grain exchange. Despite the BRICS’s aim to facilitate trade activity between its members, experts said that the new exchange would have a structure similar to the Organization of the Petroleum Exporting Countries (OPEC), …
Futures and options exchange Bursa Malaysia Derivatives Berhad has announced it is now trading soyabean oil futures. The launch of the Bursa Malaysia DCE Soybean Oil Futures (FSOY) contract followed an agreement between the exchange and Dalian Commodity Exchange (DCE) for the licensing of soyabean oil futures settlement price that the companies announced in November. …
Soyabean Oil Futures Now Open for Trading on Bursa Malaysia Read More »
The International Chamber of Shipping (ICS) presents a collaborative proposal with the Commonwealth of The Bahamas and the Republic of Liberia to the United Nations International Maritime Organization (IMO) for the establishment of a Zero Emission Shipping Fund (ZESF). Accelerating the Transition to Net Zero by 2050 The proposal aims to expedite the shipping sector’s …
Shipping Fund Proposal Submitted to UN to Meet Marine Sector’s Net Zero Emission Targets Read More »
Production Increased Indonesia’s biodiesel output climbed by 7% in December, while exports increased, according to local trade association data provided by S&P Global. Indonesia produced 1.24 billion liters (7.82 million barrels) of biodiesel in December, up 7.2% over the previous month, according to APROBI on February 2. The world’s third-largest producer produced 13.15 billion litres …
Indonesia’s December Biodiesel Production Climbed by 7%, While Exports Increased Read More »
February 2, Jakarta – This season, Indonesian farmer Wardiyono started planting his small rice field in January instead of November as usual. This shift was in response to an exceptionally strong El Nino weather phenomenon causing months of drought. After three weeks, he is concerned because the parched crop has not received enough rain. In …
Indonesia’s January Drought, Lower Rice Production and Higher Imports Read More »
Global Bio-Based Cosmetics Market Anticipates Remarkable Growth by 2032 As per the latest insights from Emergen Research, reported by Globe Newswire, the global bio-based cosmetics market is poised to experience substantial growth, projecting an impressive surge from US$4.95 billion to US$8.86 billion between 2022 and 2032. This noteworthy expansion is attributed to several factors, including …
Global Bio-Based Cosmetics Market Projections Reach US$8.86 Billion by 2032 Read More »
In accordance with Future Market Insight, the worldwide dextrose monohydrate market is expected to reach US$ 498 million by 2023 and to rise at a CAGR of 4.0% to reach US$ 708.7 million by 2033. Demand for dextrose monohydrate is expected to grow during the projected period as a result of its health benefits. Its …
Rising Demand for Natural Sweeteners Boosts Dextrose Monohydrate Market Read More »
According to iMarc’s report, the size of the world’s acetic acid market was US$ 11.2 billion in 2022. Looking ahead, the market is anticipated to reach US$ 16.1 billion by 2028, growing at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2028. One of the elements driving the market’s expansion is the …
Acetic Acid Market Flourishes as Paint and Coating Industry Thrive Read More »
Bioplastics are biodegradable materials made from renewable resources that can be utilized to lessen the issue of plastic trash that is strangling the world and contaminating the environment. Bioplastics are being marketed as an alternative, and they work by obtaining natural polymers from waste materials including potato and maize starch, cellulose, and agricultural waste. According …
Greening the Plastics Industry: Bioplastics Market Outlook for 2023 Read More »
