In Indonesia, Indonesia Business Post reported that Indonesian state-owned palm oil company PT Agrinas Palma Nusantara has targeted the confiscated land it manages to produce at least 25 tons per hectare of palm oil per year, with a focus in the production of biofuels.
Agrinas manages oil palm land, which had been confiscated by the Attorney General’s Office (AGO) as evidence from the investigation into a corruption case involving oil palm plantation of PT Duta Palma Group. The oil palm plantation was handed over by the AGO to the Ministry of State-Owned Enterprises (SOEs) to be managed by Agrinas Palma Nusantara.
It is still uncertain if the management of the confiscated land will be carried out entirely by Agrinas or whether there will be cooperation with other parties, such as State-owned plantation company PT Perkebunan Nusantara IV, according to the report.
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Category: Food & Agriculture
