Singapore Buys Record Amount of Used Cooking Oil From China
- Exports of used cooking oil jumped 18% in May from April
- Neste’s refinery expansion in city-state drove increase
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Chinese exports of used cooking oil to Singapore jumped to a record last month, likely due to more demand from Neste Oyj’s renewable fuel refinery.
Shipments of UCO rose to 48,832 tons in May, 18% more than April and almost double the amount from a year earlier, according to data from Chinese customs.