Why did Malaysian palm oil refining industry bounce back in 2010?
With the uncertainty in the global market, the commodity prices, especially palm oil, continued to drop in 2008 causing the sales of domestic palm oil refiners to decline sharply before recovering progressively in second half of 2009. The concentration indices for Malaysian palm oil refining industry had thus bounced back in 2010 as a result.
How many palm oil refineries are there in Malaysia?
United Plantations operates two palm oil refineries in Malaysia. Strong emphasis is placed on producing certified sustainable products of superior quality with a high level of traceability and transparency throughout our supply chain. United Plantations¡¯ Research and Development facility was established in 1951.
How is crude palm oil refined in Malaysia?
Trace metals which can give rise to poor storage stability in the refined oil, must also be reduced to acceptable levels. In most instances, crude palm oil in Malaysia is refined through a physical/steam refining process. However, chemical/alkali refining of crude palm oil is also carried out by small number of refineries.
Where are palm oil refineries typically located?
Palm oil refineries are typically located close to ports from which the palm oil can be shipped to other destinations. Wilmar, for instance, owns shipping companies such as Yihai Kerry International Trading Co. Ltd which transport palm oil and other related palm oil products around the world.