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Home Companies Company News

Company Watch: Okomu Oil Plans To Build Africa’s Largest Oil Mill

Ugodre Obi-chukwu by Ugodre Obi-chukwu
June 11, 2013
in Company News
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TO boost yield from oil palm and rubber plantations in the country, Okomu Oil Palm Company Plc has revealed plans to build the biggest oil mill in Africa.

The plan, which will see the company expanding its oil mill from a production capacity of 30 tonnes per hour to 60 tonnes per hour was disclosed by the company’s Chairman, Gbenga Oyebode, at the company’s yearly general meeting in Abuja, recently.

According to him, the expansion of its oil mill, which will double its production capacity from 30t/hr to 60t/hr thereby making it the largest oil mill in Africa has already commenced and is scheduled for completion before the peak in 2014.

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In a statement made available to The Guardian, the company noted that the programme includes the planting of a total of 600 hectares of rubber in 2013 and another 700 hectares, which has already been cleared, will be planted in 2014.

Oyebode further explained that the company’s expansion programme will boost yield from its oil palm and rubber plantations and grow the revenue of the company, noting that the last 1,200 hectares of clearing is expected to begin in October 2013.

In the same vein, the company added that it will continue its replant programme with another 402 hectares of oil palm in 2013 and a similar amount to be replanted in 2014, among others.

Guardian: Okomu to build Africa’s largest mill

 

Tags: News ReviewOkomu Oil
Ugodre Obi-chukwu

Ugodre Obi-chukwu

Ugo Obi-Chukwu "Ugodre" is the Founder, Publisher, and Chief Analyst of Nairametrics, a leading business and financial news online platform in Nigeria. Ugo is also the Chief Editor of the Nairametrics “Blurb” Opinion pages. Follow Ugodre on Twitter @ugodre and Instagram @ugodre Email: ugodre@nairametrics.com

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