26-27 Aug, 2014 - Jakarta, INDONESIA
Le Meridien Jakarta
Le Meridien Jakarta
Unilever Oleochemical Indonesia, a sister company of Unilever Indonesia (one of the largest producers of consumer goods in the country), is in the process of completing its eco-friendly palm oil processing plant on the North Sumatran coast of Indonesia. The plant is expected to commence operations by 2015.
The 1.5 trillion rupiah ($126 million) project was secured by Unilever in mid-2013.
The plant will produce chemicals for soap and detergent manufacturers by processing palm oil. The chemicals are said to be used by factories in Indonesia apart from Unilever's own affiliates in overseas markets.
It is located in the Sei Mangkei SEZ. The Indonesian government has extended support for Unilever's project. In fact, Unilever Oleochemical has been awarded a 5-year tax holiday along with a 2-year extension.
Purchasing palm oil from plantations grown on clear-cut tropical forest land has often come under criticism because it causes global warming. With this new plant, Unilever expects to usher in more transparency into Indonesia's palm oil supply chain, which has been critiqued in the past by environmental groups like Greenpeace.
In its commitment towards sustainable palm oil, Unilever has already announced that it plans to purchase its palm oil from certified producers by 2020.
At CMT's 2nd Oleochemicals Outlook, more insights on oleochemicals industry will be shared with a session on 'TRANSFORMING THE PALM OIL INDUSTRY' by Mr. Biswaranjan Sen, VP, Chemicals Procurement & Supply Procurement, Unilever.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
