Tangshan, along with three other Chinese spearhead downstream palm oil industries and
companies signed memorandums of thus far it has attracted about RM3.5 billion in
understanding with POIC Sabah Sdn Bhd, investments.
developer of POIC Lahad Datu, in Beijing in May.
The park with about 2,000 acres developed,
The visit here was at the invitation of is supported by a comprehensive port system
Deputy Minister of Plantation Industries and including a dry bulk terminal, a liquid terminal
Commodities Datuk Datu Nasrun Datu Mansur, and a soon-to-be-commissioned container
who witnessed the Beijing signing. terminal. Port operations began in March
2013. It handled about 500,000 tons of cargo
Based in Tangshan, Hebei province, Tangshan belonging to its investors and is lobbying for an
Chunhua has 14 subsidiaries and representative open-port status. Sabah produces about 30% of
offices in Malaysia, Senegal, Canada and Hong Malaysia’s palm oil, most of which is exported.
Kong.
The state government’s desire to promote
The company is a major producer of peanut downstream industries using palm oil and
oil and is diversifying into palm oil. It has a biomass is hampered by supply assurance
100,000-hectare peanut plantation in Sudan issues.
and recently completed a palm oil refinery and
fractionation plant at Tangshan City.
More than 80% of oil palm plantations in
Sabah are owned by big-name players based
“We are keen to work with palm oil players in in Peninsular Malaysia and most of them have
Malaysia, especially in the business of blending committed their output to export.
cooking oil for northern region of China, and will
be expanding further downstream to produce Efforts to amalgamate oil palm biomass from
margarine and shortening,” Qi told state the dispersed plantations and mills have been
officials. met with logistics difficulties and the diverse
interests of the raw material owners.
In addition to oils and fats business, Tangshan
Chunhua is actively involved in bulking of palm Meanwhile, Sabah remains committed to
oil, food processing, logistics, trading and the objectives of the oil palm NKEA (national
animal feed. key economic area) which seeks to triple oil
palm revenue by 2020, as well as the National
POIC Lahad Datu was set up in 2005 to
Biomass Strategy.
“We are keen to work with palm oil players in Malaysia,
especially in the business of blending cooking oil for northern
region of China, and will be expanding further downstream to
produce margarine and shortening,”
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