Cargill to invest 200 million US dollars to build palm oil refinery in Indonesia

News: Cargill announced that it will build a $200 million palm oil refinery in nambang Province, south of Sumatra, Indonesia, to speed up the development of a sustainable palm supply chain.
Construction of the new plant has begun and is expected to be completed by the end of next year. With the completion of the new refinery, Cargill hopes to better meet customer expectations for sustainability and transparency by ensuring the traceability of the plantations.
Cargill said demand for palm oil has been strong in recent years. Before the construction of the new plant, Cargill announced at the end of last year that it would invest US $20 million to expand its palm oil production facility in the port of Bassoon, Malaysia.

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