In Malaysia, Bloomberg reports that palm oil futures slid back from six month highs on Monday as crude oil prices retreated following an uneventful report from China that was widely thought to boost demand that then weighed on soybean oil prices in the US and China. Even though prices fell off for palm oil, their […]
In Malaysia, Bloomberg reports the Bursa is contemplating adding used cooking oil futures to compliment palm oil futures for hedging in the biodiesel market. Contract specification that have been shared with industry representatives show that proposed UCO futures contracts would be US dollar denominated, cash-settled, and priced against the FOB Straits assessment for used cooking […]
In Malaysia, MRNA Scientific Sdn. Bhd., a subsidiary of BioNexus Gene Lab Corp., and Protech Builders Sdn. Bhd. signed a strategic teaming agreement to jointly develop and operate biogas plants across Malaysia. This collaboration marks a significant step in both companies’ efforts to contribute to Malaysia’s growing renewable energy sector, particularly in the generation of […]
In Malaysia, Carbon Clean announced a Memorandum of Understanding with PETRONAS CCS Solutions Sdn Bhd (“PCCSS”), a subsidiary of Petroliam Nasional Berhad (PETRONAS) to jointly collaborate and evaluate Carbon Clean’s carbon capture and storage technology. Under the MOU, Carbon Clean and PCCSS will collaboratively assess carbon capture technology, aiming to identify synergies and explore future […]
In Malaysia, EcoCeres Limited, a subsidiary of EcoCeres Inc., agreed to lease 100,000 cubic meters in Dialog Terminals Langsat’s expanded storage facilities in Tanjung Langsat, Johor Darul Ta’zim, Malaysia. Dialog Terminals Langsat is an indirect wholly owned subsidiary of Dialog Group Berhad. It recently expanded its facilities with an additional 150,000 cubic meters of storage […]
In Malaysia, The Star reports Indonesia has started testing to prepare for the implementation of its “B50” biodiesel mandate, which aims to blend 50% palm oil-based biodiesel with conventional diesel. This initiative, set to build on the current B35 program, is one of the most ambitious biofuel mandates globally. The new mandate is part of […]
In Malaysia, Dialog Terminals Langsat will be expanding its storage facilities for an additional 150,000 m3 storage for renewable and petroleum products at its terminal in Tanjung Langsat, Johor Darul Ta’zim, Malaysia. The first 100,000 m3 is dedicated to EcoCeres Limited and the remaining 50,000 m3 is expected to be leased to third party customers […]
In Malaysia, Petroliam Nasional Berhad (PETRONAS), Enilive S.p.A (a subsidiary of Eni S.p.A.), and Euglena Co., Ltd. have finalized their investment decision to develop a biorefinery at PETRONAS’ Pengerang Integrated Complex (PIC) in Johor, Malaysia. The joint venture, with PETRONAS Mobility Lestari Sdn Bhd (PMLSB) and Enilive as primary shareholders, aims to begin operations by […]
In the Netherlands, Offshore Energy reported that Banle Energy International, a Hong Kong subsidiary of marine fuel logistic company Banle Energy Group, has completed two B24 biofuel bunkering services for Taiwanese shipping company Yang Ming at Malaysia’s Port Klang, marking the port’s first biofuel bunkering supply. The B24 biofuel is a blend of used cooking […]
In Malaysia, the country is committed to supplying China with Malaysian Sustainable Palm Oil (MSPO) certified palm oil and palm oil products, said YB Datuk Chan Foong Hin, Deputy Minister of Plantation and Commodities. He added that Malaysia seeks to cooperate with China in establishing a shared consensus during engagements with the European Union, particularly […]
