Small Machine Palm Oil Production Line in Namibia

Will Namibia’s offshore oil play turn into another large source of oil?
It is too early to tell whether the Namibian offshore oil play will turn into another large source of oil. But early indications suggest large finds in the hundreds of millions of barrels of recoverable oil, at least. Inevitably, the successes of Total, Shell and Galp will encourage large oil companies to direct more investment into exploration.
How much oil does oil palm produce a year?
Oil palm crops globally produce an annual 81 million tonnes (Mt) of oil from about 19 million hectares (Mha). In contrast, the second and third largest vegetable oil crops, soybean and rapeseed, yield a combined 84 Mt oil but occupy over 163 Mha of increasingly scarce arable land. The oil palm crop system faces many challenges in the 2020s.
Where does palm oil come from?
Indonesia accounted for 57% of this (41 million tonnes), and Malaysia produced 27% (20 million tonnes).84% of global palm oil production comes from Indonesia and Malaysia. In the chart we see the production of the palm oil plant across a number of countries. Other producers include Thailand, Colombia, Nigeria, Guatemala, and Ecuador.
When did the oil palm industry start in Indonesia?
The later rise of the oil palm industry in Indonesia occurred during the twenty-first century when there was a>5-fold increase in oil production from 8.3 Mt in 2000 to 43.5 Mt in 2020.