Indonesia palm oil giant SMART to invest $500 mln for two CPO plants
Reuters, Jakarta â€“ 11/02/2011
Palm oil giant PT Sinar Mas Agro Resources & Technology, or SMART plans to invest $500 million in two crude palm oil plants (CPO), Indonesia's industry minister said on Friday.
The plants will process CPO for other derived products, MS Hidayat said. "The location is still to be discussed, but I expect them to build the factories outside Java," he added.
On Wednesday, SMART president director Daud Dharsono told Reuters that it would work with Indonesian government and non-profit organisation The Forest Trust in a bid to boost its green credentials.