Oleon, United Plantations Form Oleochemicals JV in Malaysia

摘要

Oleon (Ertvelde, Belgium) and palm plantation owner United Plantations (UP; Perak, Malaysia) have announced the formation of an equally owned joint venture, UniOleon, which will build an oleochemical food emulsifier plant for an estimated ?26 million ($32.6 million). The facility will be constructed at Pulau Indah, Malaysia, next to Oleon's existing plant. The project will be built in two phases, starting in early 2014 with the production of monoglycerides, which will both be sold on the merchant market and used as a starting material to produce the emulsifiers in the second phase of the project. This latter phase is due onstream by the end of 2015. The products are used in the bakery, dairy, and confection industries, which are fast-growing markets in Asia.