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 Thailand, Bangchak and BSGF Co., Ltd., together with New Biodiesel and Thanachok Vegetable Oil (2012) Co., Ltd. recently signed a memorandum of understanding to create a domestic sustainable aviation fuel supply chain with used cooking oil as feedstock. New Biodiesel, a leading expert in palm oil production and collection of used cooking oil in […]
In the UK, De Montfort University Leicester (DMU) reported that a group of its researchers have pioneered a new manufacturing process which could make the creation of biofuel from waste cooking oil faster and more efficient. Professor Katherine Huddersman, Dr Rawaz Ahmed, Saana Rashid, and Ketan Ruperalia, all based in a team of experts from […]
In China, Reuters reported that Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock as it expands production of low-carbon fuels to meet fast-growing demand. The agreement between Hong Kong-based EcoCeres and Shenzhen Expressway Group, which handles more than 2.5 million […]
In China, EcoCeres, Inc. signed a strategic partnership agreement with Shenzhen Expressway Environmental Co., Ltd. to collaborate in areas including the collection and transportation of used cooking oil (UCO) and wasted oil, pre-treatment and processing, production of renewable fuels, circular economy utilization, and carbon reduction. This partnership will create a new model for feedstock procurement […]
In Belgium, Europe currently imports four-fifths (80%) of the used cooking oil that it uses as fuel for cars, trucks and planes, new Transport & Environment (T&E) analysis of latest biofuels data shows. The vast majority (60%) of these imports come from China. With the global airline industry pushing for used cooking oil as a […]
In Spain, Repsol launched 176 collection points for used cooking oil at its service stations in the Autonomous Region of Galicia in northwestern Spain. This initiative, which is carried out in collaboration with the regional government in Galicia (Xunta de Galicia), is an example of circular economy as it allows the sustainable management of this […]
In Romania, OMV Petrom, the largest integrated energy company in Southeastern Europe, has signed an agreement to purchase 50% of the shares of the Romanian company “Respiră Verde”, a local leader in the collection of used cooking oil. The closing of the transaction is expected to take place in the first quarter of 2024, after […]
In Kentucky, the University of Kentucky (UK) said that a group of researchers want to recycle and study used cooking oil. UK said that this initiative is part of the 14th annual Gobble Grease Toss held on Black Friday. UK said that cooking oil that is collected will be used for biofuel research through a […]
