By Lauren M. Graham, Ph.D. On April 4, 2017, Members of the European Parliament (MEP) approved a resolution calling on the European Commission (EC) to phase out the use of palm oil as a component of biofuels and advocating for a single certification scheme for palm oil entering the European Union (EU). The resolution states that biofuels production accounts for 46 percent of the palm oil imported by the EU and requires about one million...
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On December 21, 2015, LUX Research released a list of Top 10 Innovative Companies from 2015, chosen from 1,189 companies. Biobased and Renewable Products Advocacy Group (BRAG®) Member Elevance Renewable Sciences received an honorable mention for its plan to expand production of specialty chemicals from crude palm oil outside of Europe and the Americas by building or retrofitting plants in Malaysia. The report rated the assessment of Elevance's prospects as "Positive." The other...