
PETRONAS is developing a bio-refinery in Pengerang, Malaysia, with Italy’s Enilive and Japan’s Euglena, following a reported US$1.3 billion final investment decision. The facility is planned to produce sustainable aviation fuel and renewable diesel, with operations targeted for the second half of 2028.
The project could add future demand for renewable fuel feedstocks, but the article does not specify volumes or a particular feedstock mix, limiting any clear near-term price signal for listed commodities.
After 1,419 past policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.
After 1,905 past policy events, Soybeans moved a median +0.1% over 5 sessions (52% higher; middle half -1.4% to +1.8%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.