Sinar Mas firm to invest $1.6 billion in Liberian palm oil
- Jakarta Post
- 26 Mar 2013
Sinar Mas Group says it will invest US$1.6 billion in the Liberian palm oil business to expand operations overseas.
Sinar Mas Group says it will invest US$1.6 billion in the Liberian palm oil business to expand operations overseas.
Norway’s US$710bn sovereign investment fund has pulled its investment from 23 Southeast Asian palm oil companies, claiming that they source palm oil unsustainably.
Leurs terres cédées par le gouvernement aux planteurs malaisiens et indonésiens, des paysans du Liberia dénoncent des accords qui les ignorent: après 15 ans de guerre civile, des nouvelles luttes s'annoncent.
Liberia is selling itself slice by slice nine years after a terrible civil conflict finally came to an end, even though that could kindle tension among a population that often feels it is being sold out.
Over 150 community representatives from four counties in Liberia gathered to discuss their experiences and concerns regarding the impact of oil palm plantations on their livelihoods and communities.
Unbeknown to many outside Liberia, Mrs. Johnson Sirleaf’s government may now be sowing the seeds of future conflict by handing over huge tracts of land to foreign investors and dispossessing rural Liberians.
Soumis à des contraintes d’espace, les groupes asiatiques multiplient les accords en Afrique. Si le pari est parfois risqué, les perspectives de la demande mondiale en huile de palme leur laissent entrevoir un fort retour sur investissement.
African and South American palm oil players are flocking to join the Roundtable on Sustainable Palm Oil, highlighting a growing trend of the industry’s rapid expansion outside main producing region Southeast Asia
Indonesia, the world's No.1 palm oil producer, signed into law a 2-year freeze on new permits that may prompt palm oil firms to seek new ways to grow supply to meet rising demand from India and China, such as buying more land in Africa
Southeast Asian palm oil firms like Malaysia's Sime Darby and Singapore's Golden Agri Resources are backpacking to Africa, in what could be the planet’s next trend-setter in inter-continental resource trade.
Industry giants such as Malaysia’s Sime Darby and Singapore’s Olam and Wilmar International are scrambling for fresh space in equatorial Africa.
Singapore-listed Golden Agri Resources said it was “actively evaluating” taking a share in a 220,000-hectare project being offered by the government of President Ellen Johnson-Sirleaf.
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