Which agro-industrial companies are developing palm oil & rubber plantations in Gabon?
Two agro-industrial companies, Olam International and SIAT Gabon, are involved in the large-scale development of palm oil and rubber plantations in locations spread out around Gabon. The plantations being developed by Olam are by far the largest. The Gabonese government has allocated a total of 300,000ha to the company.
Where does Gabon import palm oil?
Gabon imports Palm Oil primarily from: Malaysia ($4.47M), Indonesia ($894k), Singapore ($419k), Lebanon ($4.5k), and South Africa ($4.19k). The fastest growing import markets in Palm Oil for Gabon between 2020 and 2021 were Malaysia ($4.06M), Indonesia ($706k), and Singapore ($152k).
Could Gabon be Africa’s biggest oil palm plantation?
A McKinsey study on Olam’s investment portfolio in Gabon, quoted in a report by Rainforest Foundation UK states that, when completed, it would be ‘Africa’s biggest oil palm plantation’, with production of just under 0.5 million tonnes of crude palm oil (CPO) per year, which would make the country Africa’s second largest palm oil producer.
What is a sustainable palm plantation in Gabon?
Sustainable and responsible palm development that protects forests and respects communities. We operate oil palm plantations in Gabon – Awala and Mouila are have been established since 2011; Makouke is an older plantation acquired by Olam in 2016; whilst Ndende is a new planting developed 100% in grasslands to incorporate cooperative smallholders.