New Britain Palm Oil in $100 million flotation on London Stock Exchange as oil palm cultivation expands

November 29, 2007

New Britain Palm Oil will be listed on the London Stock Exchange in a US$100 million flotation. The owner of New Britain Palm Oil, Kulim, said that between New Britain and Guadalcanal Plains Palm Oil it has more than 30,000 hectares of mature oil palm trees. It also said that its biodiesel plant in Tanjung Langsat in Johor, would be ready for testing by the end of 2007.

In Papua New Guinea, islanders on Woodlark Island are protesting a plan by Vitroplant to clear 70 percent of the island, or 60,000 hectares, to an oil palm plantation.

Malaysia’s Kulim says it will add 30,000 hectares to oil palm holdings, launch 54 Mgy biodiesel plant in UK in 2010

In Malaysia, Kulim said that its Papua New Guinea subsidiary, New Britain Palm Oil Ltd, will acquire Ramu Agri Industries, adding 30,000 hectares of land to its palm plantation holdings. Kulim said th...

Today in Biofuels: 20 billion gallon biofuel mandate still in US Energy Bill as deal nears; $300 million investment in Brazil; Asian water crisis looms

Top Story: In Washington, details continued to emerge regarding the imminent Energy Bill. According to reports, the proposed legislation would mandate the use of 20.5 billion gallons of biofuels by...

Palm oil futures hit record $901 per ton as oil price hikes have ripple effect

Palm oil futures rose to a record $901 per ton yesterday on the Malaysian Derivatives Exchange. This translates to a producer cost of $3.15 per gallon, or about 40 cents higher than the current US cos...

Indonesian, Thai and Philippine palm cultivation to increase to 5 million acres to support biodiesel production

A roundup of Southeast Asian biofuel plans shows that Indonesia plans to reserve 13.5 million acres for biofuels by 2010, of which 3.7 million acres will be palm oil plantations. Thailand has indicate...

Jatoil, a new jatropha producer, launches $10 million flotation on the Sydney Stock Exchange

In Australia, Jatoil has launched a $10 million public company flotation this week. Jatoil will grow jatropha in Asia and sell low-cost jatropha oil to Asian biodiesel producers, ultimately expanding ...

Indonesia’s palm oil chief says prices will rise on biofuels demand; credit crisis will have limited impact

In Indonesia, the chairman of the Indonesian Palm Oil Association said that the credit crisis would have only a limited impact on palm oil prices, and predicted that increased demand from biofuels wou...

Written by Jim Lane · Filed Under International, Stock & Financial Outlook