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  • 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.
  • Which country has the largest palm oil refining industry?
  • Malaysia then had the world’s largest palm oil refining industry with the establishment of 15 refineries in 1976 producing a capacity of 800,000 tonnes. A year later, in 1977, up to one million tonnes of palm oil were refined whereby 890,000 tonnes were crude palm oil (CPO) (Gopal, 1999).
  • 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.
  • Which countries import palm oil in 2022?
  • As per Index Mundi, in 2022, Indonesia and Malaysia were the leading exporters of palm oil, while india, China, the EU, and Pakistan remained the leading importers. As you will find out, most companies in our list also have either Malaysian or Indonesian origins.
  • 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).