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Latest Palm oil Stories

2008-07-07 00:00:18

Malaysia is blessed to have oil below the sea and onshore. Both crude and palm oil are trading at record-high prices, and contributing significantly to the economy. Business Times interviews Malaysian Palm Oil Council chief executive officer Tan Sri Yusof Basiron. QUESTION: Palm oil is currently trading at around RM3,650 a tonne. Why are palm oil prices so high? Is palm oil increasingly being burnt for fuel instead of being processed into food? Answer: The US is growing more corn to...

2008-06-27 09:02:54

FUQING, China, June 27 /Xinhua-PRNewswire-FirstCall/ -- China Clean Energy Inc. (BULLETIN BOARD: CCGY) ("China Clean Energy", the "Company"), a leading producer of environmentally-friendly specialty chemical products made from renewable resources in The People's Republic of China, today announced that it continues to make progress in finding alternative markets for its specialty chemical products and that it continues to evaluate options that would allow it to resume biodiesel production....

2008-06-16 09:00:56

Finland-based Neste Oil has announced plans to build a E670 million, 800,000 ton-per-annum plant to produce its proprietary NExBTL renewable diesel in Rotterdam, in the Netherlands. Construction will start immediately and the facility is scheduled to be completed in 2011. Neste Oil had announced its decision to go ahead with a similar-sized plant in Singapore in November 2007. Both plants are linked to Neste Oil's stated goal of becoming the world's leading producer of renewable diesel...

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2008-03-21 12:00:00

Sunton Chantong, a local fisherman and environmental advocate, gestured toward the Taseh river shore. Two years ago, dolphins swam up from the sea, but as a result of industrial shrimp farming and oil palm cultivation, he said, fewer big fish, crabs and jellyfish can be seen in the area. Shrimp ponds have become the most recognizable symbol of coastal degradation in Trang, a southwestern Thai province bordering the Andaman Sea. Shrimp thrive in brackish waters that are also home to...

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2008-03-04 12:20:07

Latin American nations could become important suppliers of ethanol for world markets in coming decades, according to an Oak Ridge National Laboratory study released recently. The report, "Biofuel Feedstock Assessment for Selected Countries," presents findings from research conducted in support of a larger study of "Worldwide Potential to Produce Biofuels with a focus on U.S. Imports" by the Department of Energy. The ORNL study highlights the importance of Brazil's dynamic sugarcane industry...

2008-03-04 12:00:00

By Faizal Ramli RISING oil and natural gas prices have created tension globally, creating concern that their continued increase may disrupt economies and create political vulnerability. Furthermore, supply fluctuation, consumer activism, gas emission and greenhouse gas taxes have also resulted in many countries no longer wanting to be dependent on oil- based and chemical- based raw materials, and are now looking positively at Industrial Biotechnology as an alternative and important avenue...

2007-07-15 21:08:02

By Jaswinder Kaur KINABATANGAN: Stop planting oil palm trees on river banks or risk getting your licence revoked by the Ministry of Plantation Industries and Commodities. Unhappy that many have not adhered to the Sabah government's ruling to stop growing crops close to the river, Kinabatangan member of parliament Datuk Bung Moktar Radin sees no other choice but to seek federal help so that plantations will take the matter seriously. A riparian reserve is important for ecological and...

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2007-04-26 05:27:57

AMSTERDAM, Netherlands -- It's the new climate change dilemma: finding alternatives for oil and gas without doing more harm than good. In the rush to develop biofuels, forests are burned in Asia to clear land for palm oil, and swaths of the Amazon are stripped of diverse vegetation for soya and sugar plantations for ethanol. On Friday, a Dutch committee will unveil stringent criteria for growing biofuels in ways that don't damage the environment or release more greenhouse gases than they...

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2007-04-02 00:40:00

AMSTERDAM, Netherlands -- Only a few years ago, oil from palm trees was viewed as an ideal biofuel: a cheap, renewable alternative to petroleum that would fight global warming. Energy companies began converting generators and production soared. Now, it's increasingly seen as an example of how well-meaning efforts to limit climate-changing carbon emissions may backfire. Marcel Silvius, a climate expert at Wetlands International in the Netherlands, led a team that compared the benefits of palm...

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2006-08-17 00:05:00

By Jessica Jaganathan SINGAPORE -- Singaporean Kom Mam Sun ran his Nissan truck on biodiesel fuel for two years to test his business idea of turning used cooking oil from restaurants into fuel for vehicles. The experiment was such a success that the 32-year-old entrepreneur opened his first biodiesel plant in June and has already made S$50,000 ($31,600) in profits. "My customers in the construction industry are happy with biodiesel so far as it's better and cleaner especially when they deal...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.