According to Government sources, in 2022, Vietnam's coconut products reached an export turnover of more than 900 million USD. It is expected that the turnover in 2023 could approach 1 billion USD and exceed 1 billion USD in 2024.
The global vegetable oil market is increasingly diverse in types, but up to now there are still main types such as palm oil, soybean oil, canola oil, sunflower oil, olive oil, corn oil, peanut oil (peanut oil). ), coconut oil and others.
When it comes to beef fat, cashew oil, etc., we will only think of them as common fats and oils used in cooking. However, the oils and greases used for cooking have been processed through many procedures to achieve certain standards. So, what about oils and fats that have not gone through the refining process?
Diesel production from fish fat involves extracting oil, refining, transesterification, and purification processes. By converting fish oil into biodiesel, it provides a sustainable alternative fuel source.
The coconut industry in Vietnam significantly contributes to the livelihoods of over 389,530 farmers and drives the export value of coconuts and coconut-related products to over 900 million USD, placing the country as the fourth-largest player in the global coconut market.
In Vietnam, fish fat is receiving attention as a source of raw materials for biodiesel production. However, to be able to put it into industrial production, surveying this material source is very important.
“Cooking oil is a daily consumption product, even considered an essential product, widely distributed, so price competition is still an important criterion, especially in the context of inflation and consumer purchasing power around the world being affected.”