23-24 Aug, 2017 - Yogyakarta, INDONESIA
Grand Aston Yogyakarta
Grand Aston Yogyakarta
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"Exploring Ways to Extract Higher Margins for Oleo Value Chain" |
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Bakrie Plantation will produce oleochemicals in 2017!
Kao and Apical Group establish a joint venture company for manufacturing fatty acids in Indonesia.
Despite the slowdown in the regional Oleo market, investments continue. Last year the global oleochemicals market was valued at USD 18.6 billion and expected to reach USD 26.8 billion in 2022 growing at a CAGR of 6.3% next five years.
Oleo companies are exploring ways to extract higher margins in the value chain to stay competitive and improve share-holders value. Which of the derivatives offer good market demand and margins? What are the technologies available? Where are the markets going forward? Also assess the impact of India and China’s demand on the industry?
Indonesia — the world’s biggest producer of crude palm oil — implemented the biodiesel program in phases, with the introduction of the B2.5 in 2008 expanding to B5, B10, and B15 before the introduction of the B20 mandate last year. What are the consumption trends and opportunities to the palm & oleo industry?
Attend CMT's 5th Oleochemicals Outlook conference on 23-24 Aug 2017 in Yogyakarta Indonesia to gain first hand insight on the latest development in the Oleo value chain.
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Register with your team today at www.cmtevents.com or contact grace@cmtsp.com.sg for more information.
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| Industry News |
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Malaysia urged to go for B10 biodiesel
Malaysia, Indonesia biodiesel production forecast to rise in 2017
Cargill’s new palm kernel crushing plant certified sustainable
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Japanese chemicals and cosmetics company Kao Corporation has collaborated with Apical Group Limited to start a joint venture named PT Apical Kao Chemicals in Indonesia. The new JV company is expected to produce approximately 100,000 metric tons/year of fatty acids when it starts operations in 2019 in Sumatra.
Apical Group will own 65% stakes in the joint venture while Kao Corporation will own the remaining 35% stakes. The joint venture has a capital investment of USD 25 million at the time of its establishment with plans to increase capital sequentially.
Indonesia’s abundance of raw materials is expected to help in the stable production of fatty acids. Apical Group owns a number of palm oil plantations and also manufactures fats and oils. Thus, it can ensure a stable supply of fat and oil raw materials for the new JV.
Kao already has other production bases in other Asian countries such as in the Philippines and Malaysia. The company aims to build the foundation for expansion and greater profitability of its chemical business unit via optimization of production bases within the Kao Group.
More about fatty acids developments will be discussed at CMT’s 5th Oleochemicals Outlook on 23-24 August, 2017 in Yogyakarta, Indonesia.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
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13 Jul, 2017
After a record high in late January this year, palm kernel oil prices have tumbled by a third, hence industrial buyers particularly from oleochemicals sector are flocking to buy the oil that is used largely in detergent, soap and cosmetics production.
After the slump, palm kernel oil demand is likely to pick up with kernel prices trading near their largest ever discount to coconut oil, enticing buyers to buy the oil – however, concerns over price rise continues to loom large.
In the period between October 2016 and late January 2017, palm kernel oil prices surged by 50 percent to a record high at 8,463.79 ringgit per tonne. This is attributed to a 2015 drought tightened crude palm oil supplies that had led to a drop in kernel oil output and stocks. And the recent price drop is seen more of a demand-based correction rather than due to a recovery of supplies.
As prices were high, soap and detergent producers were scrambling to find alternative ingredients with many buying coconut oil and other substitutes. As customers won't readily bear the increase in prices, soap and detergent makers were forced to play around the composition of products to ensure prices remain the same. Many went to the extent of slowing down manufacturing, although some of them were scheduled plant shutdowns.
Are prices for palm oil going to stay low or will it rise? Find out at 5th Oleochemicals Outlook on 23-24 August, 2017 in Yogyakarta, Indonesia.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
26 May, 2017
