24 October 2007 14:30 [Source: ICIS news]
BRUSSELS (ICIS news)--Current global palm oil supply will not be enough for the new oleochemical capacities that are being built in ?xml:namespace>
Cheah Seng Chye, assistant general manager for marketing at Acidchem International, estimated fatty acid and fatty alcohol capacity in southeast Asia, both producing and under construction at 3.14m tonnes and 1.15m tonnes respectively.
New and current capacity in
Cheah spoke about the current growth and challenges of the Asian oleochemical industry at the ICIS World Oleochemical Conference in
The two-day event ends on 24 October.
“The Asian oleochemical industry today is already 40% oversupplied even without the new capacities especially for fatty acids coming onstream,” he said.
“The sudden increase in
The development of Asian biodiesel industry is exacerbating the feedstock problem, said Cheah.
A total of 1m tonnes of biodiesel capacity from southeast Asia,
“The crude glycerin market is already oversupplied. The influx coming from the biodiesel sector will make it even more difficult,” he added.
Acidchem projected total glycerine supply in southeast Asia,
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