The investment will be fully funded by a combination of internal accruals and borrowings. The cocoa processing plant will process approximately 60,000 metric tonnes of cocoa beans into cocoa products, namely liquor, butter and cake. It will be supplied with clean cocoa beans from Olam¡¯s existing primary processing plant in Abidjan.
What is Olam International doing in Cote d’Ivoire?
Olam International, a leading global integrated supply chain manager and processor of agricultural products and food ingredients, today announced that it will invest US$43.5 million in Cote d¡¯Ivoire to set up a greenfield cocoa processing facility in Abidjan as well as a primary processing and warehousing facility in San Pedro.
How is vegetable oil produced?
The production process of vegetable oil involves the removal of oil from plant components, typically seeds. This can be done via mechanical extraction using an oil mill or chemical extraction using a solvent. The extracted oil can then be purified and, if required, refined or chemically altered.