NBPOL and Wilmar collaborate to bring segregated certified palm oil to Europe
Papua New Guinea-headquartered New Britain Palm Oil (NBPOL), a large-scale integrated industrial producer of sustainable palm oil in Australasia, and agribusiness group Wilmar International have agreed to set up an integrated supply chain and joint marketing agreement to supply Europe with fully traceable and segregated sustainable palm oil from NBPOL's Roundtable on Sustainable Palm Oil (RSPO) certified plantations in Papua New Guinea and the Solomon Islands.
The palm oil will be available from Wilmar's refinery in Brake, Germany, in a range of products from mid-2012. The Brake-based facility has a fully capacity of around 700,000 tonnes a year, 300,000 tonnes of which will be dedicated to palm oil supplied from NBPOL's estates. The market for palm oil in Europe is estimated at approximately 5 million tonnes a year.
'This is a fantastic opportunity for NBPOL and Wilmar International to make the supply of segregated traceable certified sustainable palm oil a reality in Europe,' comments Alan Chaytor, executive director of New Britain Palm Oil.
'Wilmar is very pleased to be working with New Britain Palm Oil Limited to ensure that our Brake refinery is now able to produce a whole host of products and blends of certified sustainable palm oil,' adds Martua Sitorius, director of Wilmar International.