The Malaysian Derivatives Exchange (Bursa Malaysia) introduced US dollar-denominated Used Cooking Oil futures on Monday, with a total of 42 transactions on the first day, equivalent to 1,050 metric tonnes of Used Cooking Oil changing hands. Bursa Malaysia Derivatives said in a statement that the launch of Used Cooking Oil futures is an important step […]
On 13 December, Republican Senator Joni Ernst of Iowa, Republican Senator Roger Marshall of Kansas, and four of their colleagues sent a letter to US Environmental Protection Agency (EPA) Administrator Michael Reagan regarding the surge in imports of used cooking oil (UCO), much of which comes from China. This follows letters sent in June by […]
The Center for Applied Energy Research at the University of Kentucky and the Kentucky Department of Energy and Environment have initiated a survey as part of the Biomass Feedstocks for Sustainable Aviation Fuels (SAF) Collaborative Project, funded by the U.S. Department of Energy’s National Energy Program. The survey will assess the risks associated with representative […]
Biofuels produced from waste cooking oil imported from China threaten Canada’s domestic canola market, an industry executive says, according to a report in Canada’s Western Producer. ‘It’s a big deal,’ said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. The association represents most of Canada’s crushers. He says, ‘It could displace a lot […]
Fastmarkets and Intercontinental Exchange (ICE) announced on 9 December the launch of the ICE Waste Cooking Oil (UCO) Gulf (Fastmarkets) futures contract to meet growing demand and address the complexities of the biofuel feedstock market. The launch provides market participants with a new risk management solution in the renewable energy sector. Fastmarkets says it is […]
STX Group announced on 3 December the acquisition of Marine Olie, a leading trader of waste-based advanced feedstocks. STX Group said the strategic acquisition strengthens its position in the biofuels value chain and supports the company’s vision to become a leading global trader in the integrated feedstock-to-fuel-to-ticket market. Marine Olie’s experience in fats and oils […]
The Australian Sugar Council (ASMC) recently called on governments to urgently develop a national biofuel feedstock strategy to boost the local biofuel industry and contribute to economic growth. ASMC CEO Ash Salardini said ASMC has been advocating for this feedstock strategy since early 2024. He emphasised that sugar manufacturers could be at the heart of […]
The used cooking oil market is expected to be valued at over US$10.9 billion by 2032, says a report by Global Market Insights. ‘The market is expanding due to growing demand for sustainable solutions, with biodiesel production being one of the major applications. As an environmentally friendly energy source, biodiesel made from used cooking oil […]
The Renewable Fuels Association this week responded to a request for information from the California Air Resources Board urging them to do more to ensure the integrity of imported waste cooking oil (UCO) and tallow in order to produce biomass-based diesel in accordance with the state’s Low Carbon Fuel Standard, according to a report on […]
U.S. Senator Sherrod Brown (D-Ohio) has announced the introduction of a new bipartisan bill that would prohibit the use of taxpayer money to subsidise biofuels produced using imported foreign feedstocks, such as waste cooking oil from China and ethanol from Brazil. The bill would also extend the 45Z Clean Fuel Production Credit. 45Z Clean Fuel […]