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News 29521 to News 29530 of about 29649 news within page 2953
29521. 26/06/2001
   
Coconut industry, soap makers look for compromise on petroleum surfactants
29522. 26/06/2001
   
Far East Expects To See Reduced FFB Production
29523. 23/06/2001
   
CHINA WTO ENTRY SEEN BOOSTING SOYOIL IMPORTS
29524. 23/06/2001
   
INDIA VEG OIL IMPORTS SEEN SURGING OVER DECADE
29525. 23/06/2001
   
INDONESIA TO FORM TEAM TO SETTLE GUTHRIE DEAL- MEDIA
29526. 23/06/2001
   
Iraq hopes to purchase palm oil directly from Malaysia
29527. 23/06/2001
   
NON-FOOD VEG OIL USE TO CLIMD BY 70% BY 2010
29528. 23/06/2001
   
PAKISTAN ADJUSTS IMPORT LEVIES ON EDIBLE OILS
29529. 22/06/2001
   
Hospital uses soy-based fuel to face energy crisisLONG BEACH, Ca. 6/21/2001Fueled by concern over volatile energy costs androlling blackouts in California, officials from St. Mary Medical Center inLong Beach today announced the hospital has switched to biodiesel to runon-site generators and boilers.Biodiesel is a clean-burning fuel that can be made from any fat or oil,such as soybean oil. It can be used in any diesel engine with few or nomodifications to the engine necessary. Although biodiesel is used mostlyas a motor fuel for trucks and buses, it can be used in boilers andgenerators as well. About 80 major fleets, including transit authorities,school districts, government fleets and national parks use biodiesel. Itperforms comparably to diesel, with similar cetane and BTU content."We are very excited about the advantages this new fuel provides inresponding to our statewide energy crisis," said Tomi Hadfield, Presidentof St. Mary Medical Center. "This is very promising for our colleaguesfacing these same challenges."St. Mary expects a daily cost savings of $350 per day over an averagenatural gas price of $14.28 per decatherm. Moreover, the hospital can stayup and running during blackouts without emitting high levels of pollution."The biodiesel that our company is supplying to the hospital is mixed withan additive that significantly lowers NOx emissions," said Gene Gebolys,president of World Energy (www.worldenergy.net). "The emissions resultshave been certified by the South Coast Air Quality Management District,showing that it meets strict NOx requirements."Biodiesel also significantly reduces particulate matter, carbon monoxide,unburned hydrocarbons and sulfate emissions compared to petroleum diesel.A joint study by the U.S. Department of Energy and U.S. Department ofAgriculture shows biodiesel reduces life cycle carbon dioxide by 78percent. It is the only alternative fuel to have passed the rigorousHealth Effects testing requirements of the Clean Air Act. The results,submitted to the Environmental Protection Agency in 2000, show biodieselis non-toxic, biodegradable and reduces air toxics by 90 percent.
29530. 22/06/2001
   
I&P awaits approval to set up palm oil refineryThursday, June 21, 2001(The Star)- ISLAND and Peninsular Bhd (I&P) isseriously pursuing efforts to set up a palm oil refinery in Bintulu,Sarawak, and is currently waiting for approval from the state government.I&P managing director Dr Radzuan Abdul Rahman said the group would belooking at an investment of RM50mil, which he considered "a normalfigure."Radzuan told reporters this after the AGMs of I&P and its listedplantation arm Austral Enterprises Bhd in Kuala Lumpur yesterday.He said depending on how soon approval was obtained, it would take 18 to24 months to complete the refinery.Radzuan hopes the refinery could began operation by 2004 with a productioncapacity of 1,000 tonnes per day.According to Radzuan, the rationale for the proposed refinery is theincreasing volume of fresh fruit bunches (FFB) harvested by the group inSarawak.I&P, through Austral, has 36,542 ha of plantation landbank in Sarawak."As one of the pioneers and a major plantation player in Sarawak, we wouldsoon be harvesting a big crop from existing matured areas," Radzuan said.He said at present, there was only one buyer in Sarawak, which meant thatthe group was just "a price taker.""We are turning the tables to become a refiner instead of a price taker,"he said.Radzuan said that the group had enough FFB volume and other sources ofcrop nearby to justify the refinery.For the financial year ended Jan 31, 2001, Austral recorded FFB productionof 580,469 tonnes and palm oil production of 102,984 tonnes.Radzuan said that I&P would soon be opening a RM23mil oil palm mill inDerawan, Bintulu.On the group's 1st quarter performance for the current financial year,Radzuan said that despite the soft property market and depressing palm oilprices, the company managed to pull through "quite nicely.""We have always been in the black and never seen red in the past whileother property or plantation companies might be hovering between the blackand the red," he said.The group, he said, was still optimistic about achieving RM1bil turnoverby 2005."The growth target is still within reach, supported by consolidation ofour existing business and additional income from new enterprises," hesaid.According to Radzuan, the core property and plantation businesses wouldremain as the group's major contributors while trading is poised to be thekey third business entity.For the financial year ended Jan 31, 2001, I&P's pre-tax profit was halvedto RM65mil on the back of RM362mil turnover. This was achieved on the backof sales of 829 units, mostly at its flagship development project BandarKinrara and FFB production of 580,469 tonnes at an average selling priceof RM961 per tonne.
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ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
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