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 »
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% …
In a significant stride for Indonesia’s palm oil industry, production has commenced at the nation’s inaugural red cooking oil facility. The Indonesian Palm Oil Association (GAPKI) heralded the news, indicating a promising future for the sector. Government-Backed Initiative Officially inaugurated by Indonesian President Joko Widodo, the newly operational plant, located in North Sumatra, marks the …
Indonesia Launches Its First Red Cooking Oil Facility Read More »
Definition of Virgin Coconut Oil The term virgin coconut oil (VCO) describes an oil that is extracted from a fresh, mature coconut kernel using mechanical or natural means, either with or without the use of heat and without the need for chemical processing. VCO is made wet with coconut milk, as opposed to refined coconut …
Indonesia Raises Palm-Based Biodiesel Allocation Amidst Shifting Trends In the ever-evolving landscape of Chemical News and industry developments, a recent update from Indonesia takes center stage. The Indonesian government, in a move reported by AgriCensus, has increased the allocated volume of palm-based biodiesel for 2024 by 1.96%, rising from the previous year’s 13.1 billion liters …
Indonesia Raises Allocation of 2024 Palm-Based Biodiesel Read More »
Indonesia, the leading palm oil producer and exporter globally, recently unveiled an ambitious plan to reclaim approximately 200,000 hectares of oil palm plantations situated in areas designated as forests. This significant initiative is part of the country’s broader efforts to address environmental concerns surrounding plantations operating in forest-designated regions. The move follows the introduction of …
Indonesia Plans to Transform 200,000 Hectares of Oil Palm Plantations Back into Forests Read More »
Anticipated increases in global palm oil prices are forecasted to reach approximately US$850 per tonne or higher in the coming year, as experts discussed at the International Palm Oil Congress and Exhibition (PIPOC) held on November 7-9. Projections by Ivy Ng Lee Fang, the Head of Malaysia Research and Regional Head of Agribusiness Research at …
Palm Oil Prices Expected to Increase to $850 per Tonne or Beyond in the Coming Year Read More »
The Indonesian Crude Palm Oil (CPO) Exchange has been formally launched by the government via the Ministry of Trade (Kemendag). The Indonesia Commodity & Derivatives Exchange (ICDX) Group has been formally designated by the Commodity Futures Trading Regulatory Agency (Bappebti) as the exchange’s organizer for crude palm oil (CPO). The man who goes by Zulhas …
Indonesia launched its Own Crude Palm Oil Exchange Read More »
