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 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.
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.
What is the palm oil industry in Indonesia?
The Indonesian palm oil industry is a major contributor to the country’s economy, generating billions of dollars in export revenue and employing millions of people. In this series of major industries in Indonesia, we’ll explore the outlook, opportunities, regulations, and how to start a palm oil business in Indonesia.