PT Sinar Mas Agribusiness and Food has signed a memorandum of understanding (MoU) with Thailand’s Canaan Enterprise Company Ltd to boost shipments of derivative products of crude palm oil (CPO) to Thailand. The MoU was sealed during the 32nd Trade Expo Indonesia at International Convention Center (ICE) BSD City, Tangerang, Banten, on Thursday, witnessed by Trade Minister Enggartiasto Lukita, Indonesian Ambassador to Thailand Ahmad Rusdi, and Sinar Mas managing director Saleh Husein. Under the MoU, Canaan is appointed to be Sinar Mas’ sole agent with exclusive rights to distribute and resell margarin, shortening and lauric acid manufactured by the Indonesian conglomerate for Thailand market.Read More
In the News
Golden Agri Resources recently launched a $480m (€300m) oleochemicals plant in Indonesia, through its joint venture company, Sinar Mas Cepsa. According to OCBC Investment Research, the basic oleochemicals are produced from palm kernel to make fatty acids and alcohols. Golden Agri is aiming to allot 160,000 of annual capacity for fatty alcohol, considered a first for the company.Read More
GAR highlight the significant milestones and recognition for its corporate sustainability leadership with the entry into Dow Jones Sustainability Indices (DJSI) (Asia-Pacific). GAR is the only Southeast Asian palm oil company to be included in the Food, Beverage and Tobacco sector in Asia Pacific. It is also one of five Singapore-listed companies in the index. This is an important milestone on GAR’s overall sustainability journey to emphasize sustainability as an integral part of the business.Read More
GAR through Sinar Mas Cepsa, wholly-owned joint venture (JV) between Golden Agri-Resources (GAR) and Cepsa add its sustainability business portfolio with first oleochemicals plant in Indonesia. Representing an investment of EUR 300 million, the plant will produce fatty alcohols and acids from sustainably-sourced palm kernel oil for the Asia, Eastern and Western European markets.Read More
Indonesian palm oil companies support government move in opposing black campaign against Indonesian palm oil commodities in the European Union. Managing Director of Sustainability and Strategic Stakeholders Engagement Golden Agri-Resources (GAR) Agus Purnomo said companies alone could not possibly face the campaign launched by the European Parliament. Companies through their association and the government need to seek negotiations with the European parliament.Read More
Biofuels are gaining popularity as a sustainable alternative to fossil fuels as they release fewer greenhouse gases.
Featured on CNBC as a two-part documentary, the video highlights GAR’s research facility, SMARTRI and its continuous efforts in producing sustainable palm oil for the world.
SMART has announced cultivation of a palm planting material which will enable the company to increase oil yields to the highest level in the industry.
The materials – Eka 1 and Eka 2 – were developed in the company’s research centres and approved for cultivation by Indonesia’s Ministry of Agriculture on 21 April 2017.
Eka 1 and 2 have already attracted the interest of other players in the supply chain.Read More
Sustainable agricultural landscapes in Southeast Asia: A successful launch for the SALSA partnership platform in Malaysia and Indonesia
GAR/PT SMART joins as a founding member of new Sustainable Agricultural Landscapes in Southeast Asia (SALSA) platform in Indonesia.Read More
Eco-Business reports on how GAR is preventing the burning of peat forests.Read More