Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>   Commodities  >>   First Malaysian palm oil refinery in Indonesia
NEWS UPDATES Asean Affairs         1  July 2011

First Malaysian palm oil refinery in Indonesia

Related Stories

June 27, 2011
Indo government puts controls on sugar

March 31, 2011
New Indo palm oil factory starts

March 19, 2011
New Indo Nickel Smelter and Power Plant

March 14, 2011
Indonesia buys Indian corn

March 8, 2011
Miners say Indo value-added law will hurt

February 3, 2011
Foreigners in search of Indo gold

Malaysia-based Sime Darby Plantation, the world’s largest listed plantation group, is planning to build its first palm oil refinery in Indonesia, boosting its number of worldwide sites to nine.

The refinery will have a production capacity of 2,500 tons per day, or about 750,000 tons annually, said Mohd Ghozali Yahaya, chief executive of Minamas Gemilang, Sime Darby’s subsidiary in Indonesia.

The facility will be built on a six-hectare plot at Pulau Laut, near Kota Baru in South Kalimantan, and cost 330 million Malaysian ringgit (US$109.3 million), he said on Thursday. The plant, which will also include a jetty, is scheduled to start operating in 2013, he said.

Sime Darby’s eight refineries are responsible for 6 percent of global processing of crude palm oil, which is refined into cooking oil, margarine and cooking fats.

“Indonesia’s domestic market is huge, so we will focus on the domestic market first before considering exports,” Yahaya said.

Minamas has more than 280,000 hectares of land banked in Indonesia, scattered around Kalimantan, Sumatra and Sulawesi, and it will plant 40,000 hectares from that reserve, the chief executive said.

The targeted areas are those that had passed a study of their conservation value, completed by a third party, to ensure that the plantation areas would not harm the environment, he said.

The company has no plans to add more to its land bank but will try to optimize the use of its existing stock, Yahaya said. Minamas’s plantations cover 210,000 hectares, and the company operates 72 estates, 24 oil palm mills and five bulking stations.

Minamas has an average of 5.2 million metric tons in annual production capacity of crude palm oil, and the planted area represents 44.4 percent of Sime Darby’s total plantation.

In 2006, Minamas planned to list on Indonesia’s equity market, seeking $300 million in an initial public offering. The move was halted by its parent company at that time, Kumpula Guthrie Berhad.


Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    1  July  2011 Subsribe Now !
 • First Malaysian palm oil refinery in Indonesia Subcribe: Asean Affairs Global Magazine
• Indonesia prisons are havens for radicals Asean Affairs Premium
• World Bank predicts Lao growth at 8.6 percent
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Rare earth plant must comply with findings
• Philippines foreign debt increases
• Thai bank governor cautions on fiscal crisis
• Thai market driven by politics
• New Vietnamese system to protect forests p

Asean Analysis    1  July  2011

Advertise Your Brand
• The Gini coefficient in Asia and Thailand Sponsor Our Events

Asean Stock Watch    July  2011 

• Asean Stock Watch-June 1 p

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand