Is the palm oil refining industry a highly concentrated industry?
Therefore, the findings of HKI ¦Á = 0.6 in this study imply that the palm oil refining industry is a highly concentrated industry as reflected in the small values of HKI in the observation years. This result is consistent to that of the condition of the palm oil refining industry as the market power is held by only a handful of large firms.
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.
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.
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.