It is an oilseed crushing and crude oil refining factory that produces sunflower oil, soybean oil, sesame seed oil and palm oil. In the past, it managed to import and distribute ETB 5 billion (USD 200 million) worth of palm oil through its trading business.
Where does Ethiopia import palm oil?
Ethiopia imports Palm Oil primarily from: Djibouti ($45M), Malaysia ($34.4M), Indonesia ($29.5M), Turkey ($17.3M), and United States ($2.59M). The fastest growing import markets in Palm Oil for Ethiopia between 2019 and 2020 were Djibouti ($23.8M), Turkey ($17.3M), and Indonesia ($14M).
What feedstocks are used in biodiesel production in Ethiopia?
Some of the main feedstocks available in Ethiopia for biodiesel production include jatropha, castor bean, palm oil, croton macrostachyus, Moringa stenopetala, neem (margosa), sugarcane, animal fat, waste cooking oil, and Microalgeal. Jatropha Curcas is a perennial plant with a 30- to 50-year life span.
Which country exports the most palm oil in the world?
Of the 60 million tonnes of oils and fats exported around the world, palm oil and palm kernel oil made up close to 60%; Malaysia, with 45% of the market share, dominated the palm oil trade. Production of palm oil that complies with voluntary sustainability standards is growing at a faster rate than conventional production.