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  • How much does a palm oil refinery plant cost?
  • The cost of palm oil refinery plant is affected by many factors Actually, the exact cost of a palm oil refinery machine would vary from the different requirements and specific situations. Usually, the equipment cost for setting up a palm oil refinery plant ranges from $ 60,000.00 to $ 300,000.00.
  • Where are palm oil refineries typically located?
  • Palm oil refineries are typically located close to ports from which the palm oil can be shipped to other destinations. Wilmar, for instance, owns shipping companies such as Yihai Kerry International Trading Co. Ltd which transport palm oil and other related palm oil products around the world.
  • How many palm oil refineries are in Malaysia?
  • A paid subscription is required for full access. In 2022, there were 52 palm oil refineries in operation in Malaysia. This was an increase from 49 refineries in the previous year. Malaysia is the second-largest crude palm oil producer in the world.
  • Why is palm oil refining important in Malaysia?
  • Palm oil refining industry has become one of the most important industries in Malaysia since 1960s. In the second quarter of 2018, total production and total exports of Malaysian palm oil products recorded low-single digit drop, despite an encouraging recovery in production in 2017.
  • Are Malaysia's palm oil refineries facing intense competition?
  • The empirical results of this study are evident to verify Palm Oil Refiners Association of Malaysia’s (PORAM) claims that our domestic palm oil refineries are facing intense competition and losing their market share in the global market (Ahmad, 2012).
  • Is the palm oil refining industry a highly concentrated industry?
  • Therefore, the findings of HKI α = 0.6 in this study imply that the palm oil refining industry is a highly concentrated industry as reflected in the small values of HKI in the observation years. This result is consistent to that of the condition of the palm oil refining industry as the market power is held by only a handful of large firms.