MARKET DEVELOPMENT
Another Palm Oil Plant for Kalimantan
Another Palm Oil Plant for Kalimantan
17/11/2015 (Jakarta Globe) - Palm oil company Eagle High Plantations plans to invest up to Rp 160 billion ($1.1 million) in a new processing plant in East Kalimantan.
The plant, Eagle High’s 10th crude palm oil processing facility, will have a processing capacity of 30 tons of palm oil per hour, according to corporate secretary Rudy Suhendra.
The plant is expected to come online by the end of 2017 or early 2018, he said.
Eagle High, controlled by the Rajawali Group, is already developing two other CPO processing plants, in West Kalimantan and in Papua, worth Rp 200 billion and Rp 250 billion respectively.
Construction of the West Kalimantan plant is scheduled to be completed by the end of the first quarter of 2016 and the Papua plant by the end of next year.
Once the Papua plant is complete, the company’s total palm oil processing capacity will be an estimated 475 tons per hour. It currently processes 385 tons per hour at its existing seven plants.
When the 10th plant in East Kalimantan is completed, production capacity should increase to 595 tons per hour.
Malaysia’s Felda Global Ventures, the world’s third-biggest palm oil planter, is in the process of acquiring a 37 percent stake in Eagle High from Indonesia’s Rajawali for $680 million.
The plant, Eagle High’s 10th crude palm oil processing facility, will have a processing capacity of 30 tons of palm oil per hour, according to corporate secretary Rudy Suhendra.
The plant is expected to come online by the end of 2017 or early 2018, he said.
Eagle High, controlled by the Rajawali Group, is already developing two other CPO processing plants, in West Kalimantan and in Papua, worth Rp 200 billion and Rp 250 billion respectively.
Construction of the West Kalimantan plant is scheduled to be completed by the end of the first quarter of 2016 and the Papua plant by the end of next year.
Once the Papua plant is complete, the company’s total palm oil processing capacity will be an estimated 475 tons per hour. It currently processes 385 tons per hour at its existing seven plants.
When the 10th plant in East Kalimantan is completed, production capacity should increase to 595 tons per hour.
Malaysia’s Felda Global Ventures, the world’s third-biggest palm oil planter, is in the process of acquiring a 37 percent stake in Eagle High from Indonesia’s Rajawali for $680 million.