Logo of Phnom Penh Post newspaper Phnom Penh Post - New palm oil plant for $16m

New palm oil plant for $16m

New palm oil plant for $16m

Mong Reththy Group (MRG) will begin construction on a US$16 million crude palm oil refinery next month in Preah Sihanouk province, where several thousand hectares of palm trees are grown, insiders said yesterday.

Mong Reththy, president of the eponymous firm, told the Post that his company intends to start construction on the 60-tonne capacity refinery in April, with the plant to be finished within 12 months.

He said the company began planting palm trees in 1995, when its five-tonne capacity refinery was built. But as growing numbers of palm trees were planted in the area, the company decided to upgrade the refinery to reach a 30-tonne capacity per hour.

MRG expects the production of crude palm oil to increase to 22,000 tonnes this year (out of 110,000 tonnes of palm crops), up from 18,000 tonnes of crude oil production in 2012.

Reththy said the bulk of his company’s crude palm oil is exported to Malaysia, from where it is sent to Thailand, India and Europe.

“We are not afraid of a lack of a market. Wherever there are people, there are buyers, because palm oil can make up to 200 kinds of foods,” he said.

“We don’t worry about the market, but what we are concerned about is the lack of land to grow on.”

MOST VIEWED

  • Angkor Wat named as the top landmark for the second year

    Travel website TripAdvisor has named Cambodia’s ancient wonder Angkor Wat as the top landmark in the world for the second year running in their Travelers’ Choice Award 2018, an achievement Cambodian tourism operators expect will attract more tourists to the Kingdom. The website uses traveller

  • New US bill ‘is a violation of Cambodian independence’

    After a US congressmen introduced bipartisan legislation that will enact sanctions on Cambodian officials responsible for “undermining democracy” in the Kingdom, government officials and the ruling Cambodian People’s Party on Sunday said they regarded the potential action as the “violation of independence and sovereignty

  • Hun Sen detractors ‘will die’

    Prime Minister Hun Sen on Wednesday said those who curse or insult him would eventually die without a plot of land to bury their bodies after being killed by lightning, suffering the same fate as those who recently died in Thmar Baing district in Koh

  • NOCC to contest petanque, tennis axe

    The National Olympic Committee of Cambodia will lobby hard over the next few weeks for the inclusion of the Kingdom’s most productive medal-earning sport, petanque, along with vovinam and tennis after the disciplines were left out of the initial list of 30 preferred sports for