Kellogg's to split into two businesses

other well-known food brands – was set for later this year.

The snacking and plantbased spin-off would be called Kellanova, adopting the Latin word “nova”, meaning new, while the North American cereal business would be known as WK Kellogg Co, named after the company’s original founder, Food Dive wrote.

However, both companies would still display the Kellogg’s name, due to consumer familiarity with the brand.

US food giant the Kellogg Company has announced plans to split its activities into two distinct businesses for snacking and cereal, each to be given a new name, Food Dive reported on 15 March.

The re-organisation of the company – the maker of Kellogg’s cornflakes, Pringles and

The Michigan-based food manufacturer has increasingly seen value in its snacking business, which makes up around 80% of its total sales, the report said.

Argus extends platform to include UCO, UCO methyl ester

Global energy and commodity price reporting agency Argus has extended its real-time electronic price discovery platform to include used cooking oil (UCO) and used cooking oil methyl ester (UCOME) prices in Asia-Pacific.

Launched on 14 March, multiple bids and offers were posted with trade initiated between Petrochina International (Hainan) and Guangzhou Leo-King Environmental Tech for UCOME exported from China, Argus Media said on 22 March.

"The Asia-Pacific region is a huge source of growth of biofuel production, consump- tion and trading,” Argus Media chairman and chief executive Adrian Binks said.

The region was a major supplier of UCO, with China the largest global producer.

The Argus platform offered the real-time Asia-Pacific UCO and UCOME daily prices between 5-5.30pm Singapore time.