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News 26661 to News 26670 of about 27535 news within page 2667
26661. 20/09/2002
   
JEFFERSON CITY, 16/9/2002.- A jet-powered dragster set the world renewablefuel speed record Saturday using 100 percent biodiesel. Driver Mark Smithpushed "Wild Thang" to 211 mph on the 660-foot racetrack at the OzarkInternational Raceway in Rogersville, Missouri.Biodiesel is an American fuel made from renewable fats or oils, such assoybean oil. The fuel works in any diesel engine with few or nomodifications. Biodiesel contains no petroleum, but can be blended withdiesel at any level or used in its pure form. Wild Thang used soy-basedbiodiesel (B100) produced by West Central Soy of Ralston, Iowa, to achievethe Guinness World Record."The biodiesel definitely impressed me," said Russel Gehrke of Seymour,Missouri, who helped prepare the car for its run. "It ran just as fast asconventional but much cleaner. The crowd really liked it, too. It smells alot better than diesel."Biodiesel is the only alternative fuel to have completed the rigorousHealth Effects testing requirements of the Clean Air Act. Results showbiodiesel reduces carcinogenic air toxics by 75-90% compared to diesel,and that biodiesel is low in toxicity, readily biodegradable and free ofsulfur. Its use reduces emissions like carbon monoxide, particulate matterand unburned hydrocarbons. Soy biodiesel also reduces carbon dioxide by 78percent on a lifecycle basis, according to a joint U.S. Department ofAgriculture/U.S. Department of Energy study."When you're burning a gallon of fuel per second like we are, you wantsomething that is environmentally friendly," Gehrke said. "I woulddefinitely use biodiesel again.""Achieving a speed of 211 miles per hour with biodiesel just underscoresthat this is a high performance fuel," said Joe Jobe, executive directorof the National Biodiesel Board. "There has never been a record like thisset using a renewable fuel and weÌre very pleased to have biodiesel be thefirst."Biodiesel has similar horsepower, torque and BTU content compared topetroleum diesel. It offers excellent lubricity and higher cetane thandiesel fuel. More than 200 major fleets use biodiesel commercially.Readers can learn more about biodiesel by visitinghttp://www.biodiesel.org The National Biodiesel Board is funded in part bythe United Soybean Board and state soybean board checkoff programs.
26662. 20/09/2002
   
Thursday, September 19, 2002 (The Star) - THE Malaysian Palm Oil PromotionCouncil (MPOPC) will lead a delegation of local palm oil researchers andtechnologists to South Korea and Japan in early November to promote andexpand the market for palm kernel cake (PKC) there.MPOPC chief executive officer Datuk Haron Siraj said the 10- to 15-memberPKC promotion mission was aimed at imparting various technical aspects ofPKC as animal feed.Speaking after a half-day MPOPC seminar on Industry Briefing on PalmKernel Cake in Petaling Jaya on Tuesday, Haron said the mission wouldinclude briefing sessions, and interaction with importers and feedcompounders of animal feed in South Korea, and swine, cattle and poultryproducers.PKC is a by-product of the extraction of palm kernel oil. It is a safe,high-energy animal feed containing crude protein and fibre.“Our aim is to expand the market of PKC in East Asia, not only for cattlefeed but also for other livestock like poultry,’’ Haron said, adding thatthe delegation would also make presentations to some of the animal feedmillers there.He said the effort was expected to eventually raise the economies of scalefor shipping PKC to the East Asia market.Malaysia produced about 1.78 million tonnes of PKC last year and exported1.76 million tonnes, mainly to Europe.Of the 1.76 million tonnes, South Korea accounted for 207,220 tonnes andJapan 11,744.“Although small compared with exports to the European Union, we see greatpotential in the East Asia market, especially in South Korea and Japan,’’Haron said.He said that the MPOPC would explore other East Asia markets, includingVietnam and China next year.Haron also said the MPOPC planned to sell other oil palm products that hadbeen developed by its researchers to the animal feed industry.“Besides PKC and palletised palm fronds, there are also some palm oilfractions that can be used as animal feed,’’ he said.In this aspect, the MPOPC was working closely with the Malaysian Palm OilBoard, , Malaysian Agriculture Institute and Universiti Putra Malaysia,especially on efforts to improve the quality, and to promote greater usageof PKC, Haron added.
26663. 20/09/2002
   
Medan, Tuesday, September 17, 2002 (Bloomberg) - Palm oil prices havesuffered their biggest drop in three months because the El Nino weatherpattern did less damage to plantations than expected in Malaysia andIndonesia, where four-fifths of the crop is grown, planters said.Indonesia may harvest about 8.6 million tonnes this year, higher than the8.3 million tonnes gathered in 2001, said Derom Bangun, chairman of theIndonesian Palm Oil Association. Drought earlier this year caused by ElNino had prompted predictions of a smaller harvest.“The forecasts were a bit too grim,” said Derom. “In the main oil palmplanting areas like north Sumatera, we weren’t really hit by drought.”Four-fifths of Indonesia’s crop comes from Sumatera.Palm oil for November delivery on the Malaysian Derivatives Exchange fellRM41 a tonne, or 2.9%, to RM1,353, the biggest one-day decline for themost actively traded contract since June 10. Palm oil has dropped 12%since it touched a three-year high of RM1,529 on Aug 22.In the first eight months of this year, Malaysia’s palm oil outputdeclined 1.2% from a year ago to 7.5 million tonnes, according to theMalaysian Palm Oil Board. The government had forecast the 2002 crop woulddrop as much as 15% to 10 million tonnes.In August, production rose to a 10-month high of 1.01 million tonnes, 14%higher than a year ago, while the country’s inventories rose to theirhighest level in five months, the board said.The price of the edible oil had risen by as much as a third this year asfarmers and traders predicted reduced rainfall in Malaysia and Indonesiawould cause oil palm trees to yield fewer and smaller fruit.“It looks like it won’t be as bad as the previous one,” said Wong TeoSuan, director of Singapore’s meteorological services department. “Theforecast is it’s a weak to moderate El Nino.”And the increase in harvest estimates may cause palm oil prices to drop toas low as RM1,311 a tonne, said Jennifer Ooi, a trader at OSK Futures &Options Sdn Bhd.
26664. 19/09/2002
   
(Asia Intelligence Wire) 09/13/2002 - Key players of Mindanao's palm oilindustry should formulate a development plan to expand the emergingsector, which offers opportunities for growth and development.This was noted by Senen Bacani, former Agriculture secretary and chair ofFilipinas Palm Oil Industries, Inc., at the recently concluded 11thMindanao Business Conference in Surigao City.He said in most businesses, the overall effort to develop the industrywill have to be private sector-led, with the government providing thenecessary support.At present, palm oil accounts for 25% ,or 22 million metric tons (MT), ofthe world's total vegetable oil supply, next to soy bean oil. Coconut oilonly accounts for four percent of the total.The world's two biggest palm oil producers are Malaysia and Indonesia,with total planted area exceeding three million and two million hectares,respectively.In the Philippines, only less than 20,000 hectares are currently plantedto oil palms. More than 300,000 hectares of land in Mindanao have beenidentified by the Southern Philippines Development Authority as possibleareas for palm oil production.Mr. Bacani said industry stakeholders must consider validation at theground level, and should address industrial concerns such as soilsuitability, climate, necessary infrastructure and availability offinancing schemes.Another factor is the whole chain from seed to shelf. Industry playersmust have access to good seeds, particularly the more recently developedhigher-yielding varieties.Mr. Bacani said although suitable lands may exist, project proponents mustconsider the possibility these lands may have been occupied by communitiesthat need to be organized and mobilized.He also identified the need for equity financing from local and foreigninvestors, noting a substantial investment is needed since oil palm is along-gestating crop, which bears fruits three years after planting."Currently, only 33% of the country's palm oil consumption is producedlocally," he said. "In order to produce the country's total domesticrequirement by 2010, we need at least 70,000 hectares of palmoil-producing farms."In the next three to four years, he said the country needs to plant anadditional 50,000 hectares, besides replanting a significant number of theexisting hectarage which was planted about 20 years ago.A desirable food crop with a wide variety of household and industrialuses, oil palm requires lesser production cost compared to coconut oil.Although it is only placed second to soy beans in terms of world vegetableoil supply, the industry has huge potential to become the leadingvegetable oil in the world.Market opportunities for oil palm exist both domestically andinternationally.Domestic demand for palm oil is projected to increase by five percentannually from 1995 to 2015, and may reach 82,000 MT by 2000.By 2010, the country's total demand is expected to reach about 134,500 MT,and about 171,700 MT by 2015.
26665. 19/09/2002
   
18 September, 2002 (Business Times) - THE Primary Industries Ministryhopes the Government will allocate funds for research and development (Rand D) in the commodity sector in Budget 2003.
26666. 19/09/2002
   
SEGAMAT, 14/09/02 (Berita Harian) – Peneroka tanah rancangan Felda didaerah ini, mula lega berikutan pendapatan hasil jualan sawit dan getahlebih tinggi berbanding ketika negara dilanda kegawatan ekonomi lima tahunlalu.
26667. 19/09/2002
   
28/8/02 (Europe Intelligence Wire): The agribusiness holding Yug Rusi, onof the main operators on the Russian market for vegetable and sunfloweroils, is looking to increase its sales by 10% to 15% on the strength ofnew sales policy, a holding press release says.The company intends to cut business ties with a majority of its Moscowdistributors, in particular one of the biggest - Bonus - which does 17% ofoverall sales for the agri-union. "The fate of Bonus will be shared by atleast six of eleven [Moscow] distributors", the release says.As marketing director for the trading house Yug Rusi Alexei Skorbovenkoexplained to Interfax, the changes being made to company sales policyreflect market difficulties. Russian producers, he said, had to increasesunflower prices due to last year's poor harvest, while foreign producers"literally flooded Russia with bottled oil." In these circumstances, YugRusi has decided to lower prices on its vegetable oil in order to "win byincreasing sales," he said.Since this year began, the agri-union has reduced its vegetable oil pricesby 12%, but Bonus and other Moscow distributors oversold it in otherregions, interfering in the work of the producer's local dealers,Skorbovenko said.Yug Rusi has near-future plans to leave in each federal district at leasttwo representative companies that will acquire oil 100% pre-paid. Salespolicy will be aimed at working with small and mid-sized wholesalers, aswell as with wholesalers that have the ability to do product shipment,which will allow for cutting product's trip to the end consumer andlowering its price, he said.Yug Rusi's oil extraction plant produces 87 million liters of bottledvegetable oil in the first half of this year, 180% more year-on- year. Theholding comprises sixteen agricultural product producers in the Rostovregion and Krasnodar territory. Various experts put the market share ofthe company's 'Zolotaya Semechka brand oil at from 20% to 30% of Russia'smarket for bottled vegetable oil.
26668. 19/09/2002
   
KOTA KINABALU, 18/9/02: Hubungan perdagangan antara Sabah dengan selatanFilipina terutama menerusi konsep Kawasan Pertumbuhan Asean Timur-Brunei,Indonesia, Malaysia dan Filipina (BIMP-EAGA) tidak terjejas oleh pelbagaiisu membabitkan pendatang tanpa izin Filipina di Sabah, baru-baru ini.Ketua Menteri, Datuk Chong Kah Kiat, berkata hubungan perdagangan terutamaantara kawasan Sandakan, Sabah, dengan Zamboanga di Mindanao, Filipina,akan diteruskan seperti biasa.“Malah, kedua-dua pihak juga bersetuju mempertingkatkan lagi hubungandagangan sedia ada terutama menerusi BIMP-EAGA.“Antara usaha terbaru dibuat ialah merancang mengadakan ekspo perdagangandi Sandakan membabitkan usahawan dari kedua-dua wilayah itu,” katanya.Beliau bercakap kepada pemberita selepas mengadakan pertemuan kira-kirasejam dengan Perunding Kanan Presiden untuk Mindanao yang juga Utusan KhasFilipina ke Malaysia, Indonesia dan Brunei, Paul G Dominguez, di HotelPacific Sutera, di sini hari ini.Sebelum ini, hubungan antara Malaysia dan Filipina agak tegang berikutandakwaan media Filipina kononnya pendatang tanpa izin negara itu di Sabahdiberi layanan buruk, terutama ketika ditahan di pusat tahanan sementaradi negeri ini.Kemudian timbul pula dakwaan seorang gadis Filipina dirogol ketika ditahandi pusat tahanan sementara di Menggatal, dekat sini serta usaha pihaktertentu di negara itu mahu membangkitkan semula isu tuntutan Filipinaterhadap Sabah.Terdahulu Chong merasmikan Persidangan Antarabangsa Perniagaan Sabah 2002(SIE2002) anjuran Dewan Perniagaan Antarabangsa dan Industri Malaysia(MICCI) dan Persekutuan Pekilang Sabah (FSM) di hotel yang sama hari ini.Dalam ucapan perasmiannya, Chong berkata, kerajaan negeri mahu memastikanpelabur luar melihat Sabah sebagai kawasan pelaburan baru serta berpotensibesar, terutama apabila konsep Kawasan Perdagangan Bebas Asean (Afta)mulai dilaksanakan tahun depan.Sehubungan itu, katanya, kerajaan Sabah akan terus berfungsi sebagaikerajaan yang mesra perniagaan kerana percaya sektor swasta berperananpenting dalam memperluas kekayaan ekonomi dan pembangunan di negeri ini.Beliau berkata, banyak dasar kerajaan negeri sekarang lebih menjuruskepada usaha mewujudkan iklim yang sesuai untuk aktiviti keusahawanan.Selain itu, katanya, kerajaan negeri turut menyediakan pelbagai insentifuntuk beberapa bentuk pelaburan seperti pegangan hak milik tanah selama 99tahun, pengurangan premium tanah sehingga 30 peratus, pengurangan sewabebas antara satu hingga tiga peratus serta potongan dua kali bagi cajpengangkutan eksport produk perkayuan.“Berdasarkan struktur ekonomi dan kaedah perdagangan, secara umumnya Sabahmenawarkan peluang pelaburan luas, terutama dalam sektor pertanian danmakanan, produk semula jadi khusus, perladangan industri, perhutanan, gasasli, minyak dan bahan galian, pelancongan, teknologi maklumat sertaperkapalan dan maritim,” katanya.Beliau juga berkata, dalam tempoh enam bulan pertama tahun ini, Sabahmencatatkan lebihan imbangan perdagangan yang sihat, iaitu RM1.393 bilion,peningkatan 27 peratus berbanding tempoh sama tahun lalu.Katanya, negeri ini mengamalkan sistem perdagangan terbuka dengan eksportperkhidmatan dan barangan menyumbang 75 peratus kepada Keluaran DalamNegara Kasar (KDNK) Sabah.Chong berkata, pertumbuhan KDNK Sabah dianggarkan pada tahap empat peratustahun ini dan dijangka berterusan sehingga tahun depan dengan kadarinflasi dikawal di bawah paras 0.5 peratus.“Ketika ini, ekonomi Sabah berorientasikan eksport dan dikuasai olehsektor utama dengan produk sawit menjadi komoditi utama apabila menyumbanglebih 30 peratus daripada perolehan eksport negeri ini,” katanya.
26669. 19/09/2002
   
(Knight-Ridder / Tribune Business News) Sep. 11--WAVERLY, Iowa--Anearth-friendly alternative to petroleum-based transformer oils may begoing global.BioTrans may be more widely available to electric utilities because of acollaboration linking Cargill Industrial Oils and Lubricants, WaverlyLight and Power and the Electric Research and Manufacturing Cooperative.WL & P General Manager Glenn Cannon said Tuesday Cargill has purchased thepatent for the soy-based oil used in electrical transformers and relatedproducts. The product was developed at by the University of NorthernIowa's Ag-Based Industrial Lubricants research program."The best way to put this is that it is a win, win, win situation," Cannonsaid. "Everybody benefits from this."Cargill will manufacture a line of bio-based lubricants sold under theBioTrans brand name. ERMCO, which has exclusive rights to market BioTransfluid in Canada, Mexico and the United States, plans to off the fluid inits electrical transformers.Cargill is the largest privately owned company in the world and the secondlargest employer in the state of Iowa. Because Cargill has a worldwidemarketing base, BioTrans is getting attention.It's for good reason, according to Kurtis Miller, head of CargillIndustrial Oils and Lubricants."Many applications are near water and other sensitive settings," Millersaid."Utilities will use environmentally sound products, so long as theyperform.BioTrans oil is high performing and earth-friendly --- a perfectcombination."Cannon said BioTrans is a good choice. The oil is also considered saferthan petroleum-based solutions because of its high fire and flash-pointtemperature, low gas emission and energy efficiencies."BioTrans is readily biodegradable and it is also non-toxic," he said."BioTrans also increases the life of a transformer because it does notlose as much energy," Cannon said.Mineral oils can also be replaced by BioTrans in certain applications."This is a great use for Iowa grown crops and it is great for the localeconomy," Cannon said.Cannon said the product could mean big business for soybean producers."In the United States annually there are 40 million gallons of oil used intransformers," he said. "This is a good deal for Iowa farmers."
26670. 19/09/2002
   
18 September, 2002 (Business Times) - BRITISH-Dutch food and consumerproducts giant Unilever Plc NV is putting its Malaysian oil palm estates,totalling 21,700ha, on the block. They should fetch at least RM500million.
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ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7803 5544 || Fax : 603 - 7803 3533