- In May 2023, Kenya's Ministry of Agriculture entered into a Memorandum of Understanding (MoU) with ENI to boost the cultivation of biofuel crops, including castor oil and cotton, in arid regions. This collaboration aimed to enhance sustainable agriculture and optimize land use for biofuel production. The initiative sought to utilize 80% of Kenya’s land to increase output, supporting the country’s energy diversification efforts. The agreement also focused on improving farming techniques and infrastructure to maximize yield
- In July 2023, Casterra Ag Ltd., a subsidiary of Evogene, secured USD 2.2 million in purchase orders to supply castor seeds across new African territories. This expansion aligns with their mission to provide integrated cultivation solutions for sustainable biofuel production. Casterra’s high-yield, high-oil castor seed varieties are optimized for biofuel applications, supporting the growing demand for renewable energy. The company leverages advanced AI-driven genomic technologies to enhance seed performance and agricultural efficiency
- In March 2023, the European Chemicals Agency (ECHA) suggested limiting the use of castor oil in cosmetic products, citing concerns about its potential to cause skin irritation. This proposal aimed to regulate formulations containing castor oil to ensure consumer safety. The restriction was part of broader efforts to assess and control substances that might pose health risks. ECHA's evaluation considered scientific studies and industry feedback before making recommendations. The agency continues to monitor developments and update regulations accordingly
- In March 2023, the European Chemicals Agency (ECHA) recommended limiting the use of castor oil in cosmetic formulations, citing concerns about its potential to cause skin irritation. This proposal aimed to enhance consumer safety by regulating products containing castor oil. The restriction was part of broader efforts to assess substances that might pose health risks. ECHA's evaluation considered scientific research and industry feedback before making recommendations. The agency continues to monitor developments and update regulations accordingly
- In January 2023, the Solvent Extractors' Association of India (SEA) announced a 12% increase in India's castor oil exports during the first half of the 2022-23 fiscal year. This growth was driven by rising global demand, particularly from industries utilizing castor oil in pharmaceuticals, cosmetics, and lubricants. India, a leading producer of castor oil, benefited from favorable market conditions and improved production efficiency. SEA continues to monitor export trends and provide insights into the industry's performance
