About
Myfuel began its operations dealing in biofuels and trading in palm oils through its affiliated companies in Malaysia.
Based in Singapore and with offices in Malaysia, we now focus on castor oil bean trade in Europe, China, Japan, Thailand, Korea, Philippines, Indonesia, and India.
A team of dedicated members concentrate on the development and monitoring plantation yields. The team also assists farmers with farming techniques and modern developments to ensure a sustainable source of castor beans.
We firmly believe in developing close working relationships with our clients in order to maintain a continuous source of castor beans between suppliers and consumers.
Product
The oil extracted from the castor bean already has a growing international market, assured by more than 700 uses, ranging from medicines and cosmetics to replacing petroleum in plastics and lubricants.
Castor oil is also used in the manufacture of fiber optics, bulletproof glass and bone prostheses. And it is indispensable for preventing fuels and lubricants utilized in aircraft and space rockets from freezing at extremely low temperatures.
Castor oil is also best for making special dyes and for uses in the high technology field, including in nuclear reactors.
Castor oil is the best substance for producing biodiesel because it is the only one that is soluble in alcohol, and does not require heat and the consequent energy requirement of other vegetable oils in transforming them into fuel.
The castor-oil plant is easy to grow and is resistant to drought, which makes it an ideal crop for the extensive semi-arid regions and castor beans can become a farming alternative, providing income for millions of people.
The plant has also been bred to mature at a shorter height. Whereas the castor-oil plant traditionally reaches three meters in height, making mechanized harvest difficult, there are now varieties that grow to just 1.7 meters.
The market for castor oil is promising because its uses continue to multiply.
Trade
PURCHASING HARVESTED SEEDS
Myfuel will enter into long term agreement to acquire the entire harvest of each plantation that complies with the required standards. Castor beans harvested from approved hybrid seeds will be given priority.
- 1. PRODUCT
- • Castor Beans
- • Packed in 50kg woven bags supplied by Myfuel
- 2. QUALITY
- • No Mildew
- • 100% mature beans
- • Moisture <7%
- • Foreign Matter <2%
- 3. QUANTITY
- • No Limitation
- • Contracts can be long term or spot basis
- 4. DELIVERY
- • Delivery or collection will be determined by location and logistics
- • Agreement will be designed to best meet suppliers' needs
- 5. PRICE
- • Minimum Price fixed for long term contractors
- • Plus a premium based on commodity prices movements
- 6. PAYMENT
- • Our standard payments terms from:
- › Site or nearest collection point: 21 days
- › Port – FOB: 15 days