Cargill plans Indonesian sustainable palm oil refinery

Spanish Market: Agriculture, Biofuels
04/06/21

Trading company Cargill has started building a dedicated sustainable palm oil refinery in Indonesia's Lampung province in southern Sumatra, which it plans to complete in late 2022.

The firm will invest $200mn in the plant but cannot specify capacity at this stage.

The plant will accept certified sustainable crude palm oil and process according to Cargill's sustainable palm oil policy. This will allow it to guarantee deforestation-free products throughout the entire palm oil supply chain and better cater to traceability demands of buyers in North American and European markets.

Long-running concerns about sustainability of palm oil cultivation have been heating up in Europe during the last year, with France, Austria, the Netherlands and Germany already or soon banning the use of palm oil-based biofuels in their markets, ahead of an EU-wide phase-out by 2030.

The US has also prohibited palm oil imports from two Malaysian companies on allegations of human rights abuses on plantations.

"This project is a key step for Cargill to increase the availability of sustainably sourced and produced edible oil ingredients for our customers," said Cargill Asia-Pacific president Robert Aspell.

By Lauren Moffitt

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20/12/24

Viewpoint: EU, UK mandates will drive global SAF demand

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Trump backs new deal to avoid shutdown: Update

19/12/24

Trump backs new deal to avoid shutdown: Update

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US Congress passes waterways bill

19/12/24

US Congress passes waterways bill

Houston, 19 December (Argus) — The US Senate has passed a bipartisan waterways infrastructure bill, providing a framework for further investment in the country's waterways system. The waterways bill, also known as the Water Resources and Development Act (WRDA), was approved by the Senate in a 97-1 vote on 18 December after clearing the US House of Representatives on 10 December. The WRDA's next stop is the desk of President Joe Biden, who is expected to sign the bill. The WRDA has been passed every two years, authorizing the US Army Corps of Engineers (Corps) to undertake waterways infrastructure and navigation projects. Funding for individual projects must still be approved by Congress. Several agriculture-based groups voiced their support for the bill, saying it will improve transit for agricultural products on US waterways. The bill also shifts the funding of waterways projects to 75pc from the federal government and 25pc from the Inland Waterways Trust Fund instead of the previous 65-35pc split. "Increasing the general fund portion of the cost-share structure will promote much needed investment for inland navigation projects, as well as provide confidence to the industry that much needed maintenance and modernization of our inland waterway system will happen," Fertilizer Institute president Corey Rosenbusch said. The bill includes a provision to assist with the damaged Wilson Lock along the Tennessee River in Alabama. By Meghan Yoyotte Send comments and request more information at feedback@argusmedia.com Copyright © 2024. Argus Media group . All rights reserved.

USDA awards more funding to increase fertilizer output

19/12/24

USDA awards more funding to increase fertilizer output

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Indonesia’s Pertamina seeks UCO for SAF output

19/12/24

Indonesia’s Pertamina seeks UCO for SAF output

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