Singapore, Asia's key regional hub for oil trading, is no longer used as a transhipment point for biodiesel because of the current anti-circumvention probe by the European Commission, said an industry source Wednesday."Biodiesel trading in Singapore has completely been chased out by the EC investigations," the source, who regularly exports biodiesel out of the region, said.
Singapore was used to consolidate shipments of palm methyl ester, or palm oil-based biodiesel, from Malaysia and Indonesia, but traders are now likelyto send shipments directly from producing origins, he said. Full story
