worldwide supplier palm oil plant for soybean oil refining

   
worldwide supplier palm oil plant for soybean oil refining
                                               
                                               
                                               
                                               
  • worldwide supplier palm oil plant for soybean oil refining
  • How big is the palm oil industry in 2021?
  • The palm oil sector grew to a market value exceeding USD 50 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of at least 4%, reaching USD 65 billion by 2027 (Research and Markets, 2022). More than 7 million smallholders globally cultivate oil palm as their main form of livelihood (RSPO, 2022b).
  • How has palm oil production changed since the 1960s?
  • Palm oil production has increased rapidly since the 1960s. Between 1970 and 2020, the world¡¯s production of palm oil increased by about 40 times. Global production went from only 2 million tonnes to around 80 million tonnes. The change in global production is shown in the chart.3
  • Is palm olein good for frying?
  • Matthaus (2007) reported that palm olein was comparable with high oleic vegetable oils and hydrogenated sunflower and cottonseed oils in terms of oxidative stability during frying. Palm oil is resistant to oxidation, polymerization and foaming. Palm oil does not produce any gummy or sticky residues in the fryer.
  • Which companies are sourcing 100% sustainable palm oil?
  • More than half of the manufacturing companies examined are sourcing almost 100% sustainable palm oil, including Ferrero, Barry Callebaut, Friesland Campina, PepsiCo, Mondelez International, and Unilever. Colgate-Palmolive and P&G are close to reaching 100%, having sourced 82% and 84% more sustainable forms of palm oil in 2020, respectively.