Palm oil continues to decline on concerns about weak demand
Malaysian palm futures declined for the second session in a row on Thursday as weak demand pushed prices down. At midday, the benchmark contract for palm oil delivery in March on the Bursa Derivatives exchange fell 85 ringgit or 1.95% to 4…
Indonesia restricts the export of palm residue and used cooking oil to domestic users
Indonesia has tightened its export restrictions on used cooking oil, palm oil residues and palm oil waste to supply the domestic cooking oil industry and biodiesel. The government announced this in a new regulatory on Wednesday.
Deal Struck to Install Carbon Capture Solution on Tanker Pair
Singapore's Eastern Pacific Shipping (EPS) signed a definitive agreement with Rotterdam-based Value Maritime (VM) to install carbon capture and filtering systems on MR tankers M/T Pacific Cobalt and M/T Pacific Gold…
Russia Ramps up Fuel Exports in Fight for European Market
Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its refineries, companies' plans and analysts' reports show.
Total, Ecoslops Ink Maritime Oil Residue Processing Deal
Ecoslops an innovative technology company that upgrades ship-generated hydrocarbon residues, or “slops”, into new fuels and light bitumen, has today announced the signing of a memorandum of understanding with Total…
Ecoslops to develop Recycling Plant in Ivory Coast
Ecoslops, the first company to develop technology to produce recycled marine fuels from marine oil residues (‘slops’), today announces that it has received an agreement in principle from the Port of Abidjan…
