Biofuel

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Japan is ramping up its use of used cooking oil to produce sustainable aviation fuel. The country estimates it will need around 1.7 million kiloliters by 2030.

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Posco International has completed the full value chain of its palm oil business by acquiring a 65.72 percent stake in Indonesian plantation firm Sampoerna Agro for $566 million. The total investment is expected to reach $862 million due to a mandatory tender offer for minority shares. The deal adds 128,000 hectares to its operations, bringing the total global agricultural base to 150,000 hectares.

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