MARKET DEVELOPMENT
DekeOil Says Construction Of Ivory Coast Crude Palm Oil Mill Progressing
DekeOil Says Construction Of Ivory Coast Crude Palm Oil Mill Progressing
23/10/2013 (Alliance News) - DekelOil Public Limited Tuesday said the construction of its 60 tonne per hour crude palm oil extraction mill in Ivory Coast by Malaysian engineering company Modipalm Engineering SDN BHD.
The firm said its mill is on course to become fully operational and generate first revenues in January 2013, at which point it should produce 70,000 tonnes of oil per annum.
An empty run test of all equipment necessary at the mill is scheduled for January 2014, followed by a full capacity test to ensure it is in full working order ahead of the peak fruit harvesting season in March.
The stock was trading at 0.945 pence Tuesday morning, up 0.70 pence or 8.00%.
The firm said its mill is on course to become fully operational and generate first revenues in January 2013, at which point it should produce 70,000 tonnes of oil per annum.
An empty run test of all equipment necessary at the mill is scheduled for January 2014, followed by a full capacity test to ensure it is in full working order ahead of the peak fruit harvesting season in March.
The stock was trading at 0.945 pence Tuesday morning, up 0.70 pence or 8.00%.