Why is Cargill Building a new palm oil refinery in Indonesia?
Cargill is building a new US$200 million (€170 million) palm oil refinery in Indonesia. The new plant in Lampung will accelerate Cargill’s efforts to develop a sustainable palm supply chain and provide verified deforestation free products to customers.
How much palm oil does Indonesia produce?
In 2016, Indonesia produced over 34.6 million metric tons (34,100,000 long tons; 38,100,000 short tons) of palm oil, and exported 25.1 million metric tons (24,700,000 long tons; 27,700,000 short tons) of it. Oil palm plantations stretch across at least 12 million hectares (30 million acres).
How will a new palm oil refinery benefit Indonesia?
With the new refinery, the firm will be able to meet customers’ evolving expectations around sustainability and transparency by guaranteeing traceability to plantation and improved product quality standards. Palm oil has experienced strong demand in recent years, with Indonesia as the largest producer and exporter.
How many palm oil plantations are there in Indonesia?
As of 2011, there were 7.8 million hectares (19 million acres) of palm oil plantations, with 6.1 million hectares (15 million acres) of these being productive plantations under harvest, thus making Indonesia the global leader in crude palm oil (CPO) production.
Which is the largest palm oil refinery in Padang?
PT PRC, the largest palm oil refinery in Padang, is a multi-product refinery capable of producing palm olein, stearin, biodiesel and fatty acid. Currently, the refinery has a refining capacity of 1.2 million MT per annum, which will double to 2.4 million MT upon completion of its expansion.
Where is Cargill Building a new palm oil refinery?
SINGAPORE—June 3, 2021— Cargill is building a new US$200 million palm oil refinery in Lampung, Indonesia, which will accelerate Cargill’s efforts to develop a sustainable palm supply chain and provide verified deforestation free products to customers.