Daily Archives: July 31, 2019

TECHNOLOGY STARTUP CREATES LAB-GROWN PALM OIL

C16 Biosciences is hoping to tap into the $88 billion global palm oil industry with its sustainable, lab-grown alternative, by first concentrating on replacing the use of palm oil in the skincare and cosmetic sector. Green startup C16 Biosciences has developed a lab-grown alternative to palm oil. Palm oil an industry that is estimated to…

Malaysia could replace Indonesia as top palm oil supplier to India

Malaysia is set to replace Indonesia as the top palm oil supplier to India in 2019 as New Delhi has been charging lower import tax on refined palm oil shipments from Malaysia, giving Kuala Lumpur an edge over Jakarta, trade officials said. The rise in refined palm oil shipments will help refiners in Malaysia and…