A new venture, Gambia Vegetable Oil Company, will soon start to operate a palm oil refinery in the west African country. The company is owned by a small group of Gambians businesspeople.
General manager Mr. Kishor said the company will concentrate on refining palm oil, but will also engage in the refining of soya bean and groundnut oil in the near future. He said the raw materials (crude oil) needed will be imported from Malaysia and Indonesia, with soya crude to be sourced from Argentina or China and groundnuts from Senegal and Nigeria. The key machine operators will come from India, with the training of local personnel to come later.
Kishor said 70% of the refined palm oil will be exported to other African countries because of the oil's low consumption in The Gambia.
Palm Oil Prices
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August 08, 2007
Gambian palm oil refining company set up
Categories beans, Gambia, groundnuts, palm oil, processing
