Commodities
New Cargill soybean processing plant connects farmers to growing demand
(Posted on 05/11/23)Cargill has completed an expansion and modernization project at its integrated soybean crush and refined oils facility in Sidney, Ohio. The upgraded facility, which came online in September, will help Cargill better serve farmers and meet the growing demand for soy products across food, feed and renewable fuel markets.The project...
BHP approves US$4.9bn investment in stage two of Jansen potash project
(Posted on 31/10/23)BHP has approved an investment of US$4.9 billion (C$6.4 billion) for stage two of the Jansen potash project (Jansen Stage 2) in Saskatchewan, Canada.This follows BHP’s approval of US$5.7 billion (C$7.5 billion) for stage one of the Jansen potash project (Jansen Stage 1) in August 2021 and a pre-Jansen Stage 1 investment of...
Partnership on sustainable supply of materials for the energy transition
(Posted on 31/10/23)Rio Tinto and cable solution provider Prysmian are partnering to build a more sustainable North American supply chain for materials needed to expand power grids for the energy transition.Power generation from renewables in the U.S. is expected to increase from 21% in 2021 to 44% in 20501, requiring significant investments in power...
US soy industry welcomes trade and food aid support from USDA
(Posted on 26/10/23)The American Soybean Association has applauded the U.S. Department of Agriculture’s efforts to strengthen U.S. trade and food aid by providing funds to maintain and develop markets and address global hunger. Agriculture Secretary Tom Vilsack announced $2.3 billion will be allocated from the Commodity Credit Corporation, $1...
Joc O’Rourke joins Rio Tinto Board
(Posted on 26/10/23)Rio Tinto has appointed James “Joc” O’Rourke as a non-executive director with effect from 25 October 2023. Mr O’Rourke, a dual Canadian/Australian national, will therefore stand for election at the annual general meetings of the Company in 2024.Mr O’Rourke has more than 25 years’ experience across...
Bimco approves revised synacomex grain charter
(Posted on 23/10/23)BIMCO’s Documentary Committee has approved a revised version of the Continent Grain Charter Party, SYNACOMEX, to reflect changes in the geopolitical landscape following events including the COVID-19 pandemic and the war in Ukraine. The revised charter party now includes BIMCO’s anti-corruption clause and updated versions...
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