GFM Network News

Palm Oil Firms Develop New Strategy

The World Bank’s private sector lender will focus more on palm oil firms pursuing green standards if a suspension on financing the sector is lifted by its president, an official said Nov. 10. The International Finance Corp. (IFC) stopped financing the industry in 2009 after social and environmental complaints by smallholders and local communities in

Indonesia Defends Converting Peatlands To Palm Estates

“Some companies are interested in peatlands and we are working with those who want to safeguard the environment and ensure our country’s prosperity.” PALM PROTESTS: Protesters from Greenpeace, dressed as orangutans, demonstrating outside the Unilever building in London last year. Greenpeace said it wanted to raise awareness of companies who buy palm oil from companies

Biofuel output seen up on lower feedstock costs

Global biodiesel output is likely to climb 27 per cent to 14 million tonnes in the 2008-09 oil year as producers capitalize on weak raw material prices and absorb excess inventories, a leading industry analyst said Dec. 3. Alternative energy fuels would be the only source of additional demand growth for vegetable oils, as demand