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UK biodiesel consumption hits new record in 2018

The U.K. Department for Business, Energy and Industrial Strategy has released new energy data for 2018, reporting that ethanol consumption increased last year, while biodiesel consumption hit a new record high. According to the BEIS, 1.925 billion liters (508.5 million gallons) of liquid biofuels were consumed by the U.K. transportation sector last year, up 33 percent when compared to 2017.…



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Palm oil slides on overnight soy oil losses

Malaysian palm oil futures charted a third session of loses in four on Thursday evening, tracking weakness in overnight U.S. soy oil prices and on forecasts of slower-than-expected declines in output. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.6% at 2,157 ringgit (US$521.77) a tonne at the close of trade, after…