Stock Market News
Equatorial Palm Oil expects first palm oil shipment in late 2018
Palm oil development and production company Equatorial Palm Oil (EPO) projected on Tuesday that its first shipment of crude palm oil would take place in Q4 2018.
The company's Palm Oil Mill (POM) is currently under construction at the Palm Bay Estate in Liberia, with good progress reported on the first module of the project.
The finished mill will include a kernel crushing plant and a biogas plant to capture methane from the palm oil mill effluent, with a bulking station being built by EPO just 24km away and scheduled for completion at the same time as the mill.
Geoffrey Brown, executive director of Equatorial Palm Oil, said: "The commissioning of the new POM in Q3 2018 will be a significant milestone for EPO and for the re-development of the palm oil industry in Liberia."
Several Liberian employees from the Palm Bay Estate project are travelling to existing POMs in Malaysia for additional training.
7,900 hectares have been planted at the Palm Bay and Butaw estates since 2011 and the company is awaiting assessments and consents to move forward with further land development under the highest standards of the Roundtable on Sustainable Palm Oil's guidelines.
"Working with the newly elected government of President George Manneh Weah and key stakeholders, we shall look to progress a sustainable palm oil operation in Liberia as the region represents a major opportunity to create a key, new global supply hub for seaborne export to international markets," said Brown.
EPO has been granted a commission approval for tariff free trade with net importers of crude palm oil such as Nigeria and Ghana from the Liberian government.
As of 1513 GMT, Equatorial Palm Oil's shares were unchanged at 2.45p.
The company's Palm Oil Mill (POM) is currently under construction at the Palm Bay Estate in Liberia, with good progress reported on the first module of the project.
The finished mill will include a kernel crushing plant and a biogas plant to capture methane from the palm oil mill effluent, with a bulking station being built by EPO just 24km away and scheduled for completion at the same time as the mill.
Geoffrey Brown, executive director of Equatorial Palm Oil, said: "The commissioning of the new POM in Q3 2018 will be a significant milestone for EPO and for the re-development of the palm oil industry in Liberia."
Several Liberian employees from the Palm Bay Estate project are travelling to existing POMs in Malaysia for additional training.
7,900 hectares have been planted at the Palm Bay and Butaw estates since 2011 and the company is awaiting assessments and consents to move forward with further land development under the highest standards of the Roundtable on Sustainable Palm Oil's guidelines.
"Working with the newly elected government of President George Manneh Weah and key stakeholders, we shall look to progress a sustainable palm oil operation in Liberia as the region represents a major opportunity to create a key, new global supply hub for seaborne export to international markets," said Brown.
EPO has been granted a commission approval for tariff free trade with net importers of crude palm oil such as Nigeria and Ghana from the Liberian government.
As of 1513 GMT, Equatorial Palm Oil's shares were unchanged at 2.45p.
Related share prices |
---|
Equatorial Palm Oil (PAL) share price |
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price