Palm oil is an edible vegetable oil derived from the mesocarp of the fruit of the oil palms. The oil is used in food manufacturing, in beauty products, and as biofuel. Palm oil accounted for about 33% of global oils produced from oil crops in 2014. Palm oils are easier to stabilize and maintain quality of flavor and consistency in processed foods, so are frequently favored by food manufacturers. On average globally, humans consumed 7.7 kg (17 lb) of palm oil per person in 2015. Demand has also increased for other uses, such as cosmetics and biofuels, creating more demand on the supply encouraging the growth of palm oil plantations in tropical countries.
A plantation is an agricultural estate, generally centered on a plantation house, meant for farming that specializes in cash crops, usually mainly planted with a single crop, with perhaps ancillary areas for vegetables for eating and so on. The crops that are grown include cotton, coffee, tea, cocoa, sugar cane, opium, sisal, oil seeds, oil palms, fruits, rubber trees and forest trees. Protectionist policies and natural comparative advantage have sometimes contributed to determining where plantations are located.
IOI Corporation Berhad commonly referred to as IOI, was incorporated on 31 October 1969 as Industrial Oxygen Incorporated Sdn Bhd. IOI is one of Malaysia's biggest conglomerates. It ventured into property development in 1984, followed by oil palm plantations and refineries in 1985. IOI was listed on the Kuala Lumpur Stock Exchange (KLSE) and trading as MYX: 1961—now known as Bursa Malaysia—in 1980.
The Malaysian Palm Oil Board, abbreviated MPOB, is a government agency responsible for the promotion and development of the palm oil industry in Malaysia. It is one of the agencies under Malaysia's Ministry of Primary Industries.
Benso Oil Palm Plantation is a Ghanaian oil palm plantation and company, based at the Adum Banso Estate in the Western Region of Ghana. The company is listed on the Ghana Stock Exchange, its symbol is (BOPP). It was founded in 1978 and was listed in the Ghana Stock exchange GSE in 2004 and is involved with the production and processing of crude palm oil CPO for refining and a host of industrial uses. Benso Oil Palm Plantation Limited is a Ghana-based company engaged in the business of growing oil palm. The Company owns over 5,000 hectares of oil palm plantation in Ghana. The Company is a subsidiary of Wilmar International Limited.
Adum Banso is a village in the southwest of Ghana not far from the coast. Adum Banso is located in the Mpohor District of the Western Region, not far from the port of Sekondi. It is located approximately 39 km from Takoradi.
This article addresses various criticisms of Cargill Inc, a privately held "agribusiness" multinational giant" with operations in 70 countries, and its headquarters in Minneapolis, Minnesota, in the United States. Cargill Inc, which has been owned by the Cargill family for 154 years, is the largest privately owned corporation in the United States, with an annual revenue of $113.5 billion in 2019.
Palm oil, produced from the oil palm, is a basic source of income for many farmers in South East Asia, Central and West Africa, and Central America. It is locally used as cooking oil, exported for use in much commercial food and personal care products and is converted into biofuel. It produces up to 10 times more oil per unit area than soybeans, rapeseed or sunflowers.
Wilmar International Limited is a Singaporean food processing and investment holding company with more than 300 subsidiary companies. Founded in 1991, it is one of Asia's leading agribusiness groups alongside the COFCO Group. It ranks amongst the largest listed companies by market capitalisation on the Singapore Exchange (SGX), being the second largest as of September 2010. It was ranked 211th in the Fortune Global 500 list in 2020. It was ranked 3rd in the World's Most Admired Company by Fortune in 2019.
Wölfli is a Swiss surname that may refer to:
The Roundtable on Sustainable Palm Oil (RSPO) was established in 2004 with the objective of promoting the growth and use of sustainable palm oil products through global standards and multistakeholder governance. The seat of the association is in Zurich, Switzerland, while the secretariat is currently based in Kuala Lumpur, with a satellite office in Jakarta. RSPO currently has 4,706 members from 94 countries.
Feronia Inc. is a multinational corporation that produces palm oil and other agricultural products in the Democratic Republic of the Congo while headquartered in Canada. In operation since 1911 as a large-scale commercial farmland and plantation operator in the Democratic Republic of the Congo (“DRC”), the Company used modern agricultural practices to operate and develop its oil palm plantations and arable farming business division. The company filed for bankruptcy in 2020 and was delisted from the TSX Venture Exchange.
Cullinan is a surname. Notable people with the surname include:
Palm or Palms is a surname. Notable people with this surname include:
Palmes is a surname. Notable people with the surname include:
Elaeis guineensis is a species of palm commonly just called oil palm but also sometimes African oil palm or macaw-fat. It is the principal source of palm oil. It is native to west and southwest Africa, specifically the area between Angola and the Gambia; the species name, guineensis, refers to the name for the area, Guinea, and not the modern country now bearing that name. The species is also now naturalised in Madagascar, Sri Lanka, Malaysia, Indonesia, Central America, Cambodia, the West Indies, and several islands in the Indian and Pacific Oceans. The closely related American oil palm Elaeis oleifera and a more distantly related palm, Attalea maripa, are also used to produce palm oil.
Palm oil production is important to the economy of Indonesia as the country is the world's biggest producer and consumer of the commodity, providing about half of the world's supply. In 2016, Indonesia produced over 34.6 million metric tons of palm oil, and exported 25.1 million metric tons of it. Oil palm plantations stretch across 12 million hectares, and is projected to reach 13 million hectares by 2020. There are several different types of plantations, including small, privately owned plantations, and larger, state- owned plantations. There are a variety of health, environmental, and societal impacts that result from the production of palm oil in Indonesia. A recent publication by the NGO Rainforest Action Network (RAN) indicates that the use of palm oil by some of the biggest chocolate and snacks' producers is increasing this problem.
Palm oil production is vital for the economy of Malaysia, which is the world's second- largest producer of the commodity after Indonesia. The Malaysian Palm Oil Board (MPOB) is a government agency responsible for the promotion and development of the palm oil sector in the country. The country's palm oil industry produces about 90 million tonnes of lignocellulosic biomass, including empty fruit bunches, oil palm trunks, and oil palm fronds, as well as palm oil mill effluent (POME). In 2010, in response to concerns about social and environmental impact of palm oil, the Malaysian Government pledged to limit palm oil plantation expansion by retaining at least half of the nation's land as forest cover.
Equatorial Palm Oil plc (EPO) is a palm oil company from London, United Kingdom. It is listed on the Alternative Investment Market (AIM) of the London Stock Exchange. Equatorial Palm Oil plc was founded in 2005. Effective 20 December 2013, KL-Kepong International Ltd, a wholly owned unit of Kuala Lumpur Kepong Berhad acquired 63.181% interest in Equatorial Palm Oil PLC. Major brands including Kellogg's, Kraft Foods, Nestlé, Unilever, Procter & Gamble, and General Mills have been reported as direct or indirect consumers of KLK palm oil.
Dippel is a surname. Notable people with the surname include:
