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.
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.
Does POSCO have a palm oil refining business in Indonesia?
The company announced on Jan. 10 that it has recently decided to enter the palm oil refining business in Indonesia. It will invest US$200 million in the project through AGPA, a subsidiary established by POSCO International in Singapore in 2021 to expand the palm oil business.
What is the Physical refining process for palm oil?
The physical refining process is suitable for both crude palm oil and palm kernel oil. Our physical refining plants are built for large-scale production. Our process technology is based on a fully continuous and automatic fractionation of palm oil.
What will Indonesia’s new refinery do?
The new refinery will play a key role in connecting sustainable crude palm oil production in Indonesia to demands in North America and Europe through a fully integrated supply chain from plantation to customer.
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.