The deal involves a supply chain to provide continental Europe with fully traceable and segregated palm oil
from New Britain's Papua New Guinea and Solomon Islands plantations.
Environment Secretary Caroline Spelman announced the research programme with funding of up to Au100,000 to examine how much palm oil
is used in the UK, how much is sustainably sourced and how changes can be made to lessen the impact on the environment of the product.
In Colombia (the world's fifth largest producer of palm oil
) the driver for palm oil
production is biofuels, and local demand is so strong that the country has stopped exporting it and sells it as an 8% biodiesel blend.
The company will also apply to become the first Australian retail member of the Roundtable on Sustainable Palm Oil
(RSPO)--a global, not-for-profit organisation set up to advance the use of certified palm oil
Despite their announcement canceling their direct orders with Sinar Mas, Nestle will still be using palm oil
from Sinar Mas in KitKats (chocolate bars) because they'll still be getting it from their other suppliers,'' Bustar Maitar, forest team leader of Greenpeace in Southeast Asia, said.
Chairman Antonio Monteiro De Castro said construction of the pounds 18m palm oil
refinery on Regent Road, Bootle, is nearing completion, staffed and ready to start operations on schedule and on budget this spring, with the first shipment of traceable, sustainable oil currently on its way to Liverpool.
WWF's research showed the majority of European palm oil
buyers were failing to buy certified sustainable palm oil
despite its availability and previous commitments by many companies to purchase it.
The UAE is no longer regarded as a strategic hub for palm oil
traders because all over the world freight rates have gone down but the rates here (UAE) are still the same," said Sudhakar Tomar, managing director of Hakan Agro DMCC a leading food commodities trading firm in the Gulf.
The researchers also used a mechanism to preheat the palm oil
Also, when not replaced by palm oil
plantations, rainforests help maintain water resources by absorbing rainfall and then releasing it into streams and rivers, thus minimizing flooding and soil depletion.
Kassim continued, "The Malaysian palm oil
industry is committed to sustainable energy solutions.
The two-day event, which has been jointly organised by MPOC and the Malaysian Palm Oil
Board, will run under the theme Exceeding Expectations, Enriching Partnerships.
It insists palm oil
is only grown on legal agricultural land and that criticisms are an attempt by competitors in Europe and the United States to undermine growing demand for the commodity.
Along with corn, soybeans, and sugarcane, palm oil
was supposed to be one of the main ingredients in the world's shift to biofuels.
The push for "green" palm oil
has been joined by Unilever, Johnson & Johnson, Nestle SA and H.