According to Dow Jones, The London-listed company has Papua New Guinea's largest oil palm plantation and already runs a refinery in PNG with capacity for around one third of its annual palm oil production.
The new plant's construction is estimated to cost GBP18 million and the company hopes it will be in production by early 2010.
I don't know if it has received planning consent. It is expected the plant will be adjacent to a port close to food manufacturing giants Unilever and Nestle SA's food production facilities, as these companies are some of the biggest users of palm oil in the world.
The company said it will be the first U.K.-based plant to produce sustainable and traceable palm oil! Yeah right! Does anyone know more of this group?