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 […]
