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MINISTRY OF
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No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
BERITA SAWIT 2024
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KOTA KINABALU (June 6): Sawit Kinabalu Group (Sawit Kinabalu) will be the pioneer of the Green Technology Park (GTP) in Sabah, at the same time supporting the state government’s efforts towards achieving sustainable development goals.
In order to realise that goal, Sawit Kinabalu through its subsidiary, Sawit Palm Oil Industrial Cluster Sdn Bhd (SPOIC) signed a Memorandum of Understanding (MoU) with Nextgreen Global Berhad (NGGB) for the establishment of GTP.
Chief Minister Datuk Seri Panglima Hajiji Noor who is also the chairman of Sawit Kinabalu, witnessed the signing of the MoU at Sawit Kinabalu’s new headquarters in Block B, Menara Kinabalu on Thursday.
Sawit Kinabalu was represented by its Group Managing Director and Chief Executive Officer, Victor Ationg while NGGB was represented by its Group Managing Director, Datuk Lim Thiam Huat, as well as Datin Stella Ambrose (Sawit Kinabalu) and Datuk Mohd Yusof Din (NGGB) as witnesses for both entities.
Through the MoU, both parties will explore and implement the main activities of GTP such as establishing a collection and processing center, pulp mill, raw water treatment plant and steam boiler on 400 acres of land belonging to SPOIC in Sandakan.
GTP’s green business concept emphasises renewable energy, recovery, and waste elimination which is the basis for a green economy that can reduce environmental risks and further drive Sawit Kinabalu towards sustainable development.
Earlier, Hajiji launched Sawit Kinabalu’s new headquarters and chaired the company’s board of directors meeting.
He then witnessed the business tithe payment of Sawit Kinabalu for the year 2023 amounting to RM800,000 from Victor to the Supreme Council member of the Islamic Religious Council of Sabah (MUIS), Datuk Mohd Dandan @ Ame Alidin.
According to Victor, the Sawit Kinabalu Group is committed to continuing to fulfill its obligation to pay business tithe to help economic growth and community empowerment, in accordance with the profits recorded by the company, following the performance of CPO oil prices which are expected to increase in the future.
https://www.theborneopost.com/2024/06/06/sawit-kinabalu-group-to-pioneer-green-technology-park/
Sumber : The Borneo Post
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Consumers are increasingly interested in healthier snacking choices, with Non-Palm Oil (NPO) products gaining traction in recent discussions. This trend is influencing consumer behavior and shaping market trends.
Too Yumm!, a brand under Guiltfree Industries Ltd. owned by the RP-Sanjiv Goenka Group, claims to have made notable strides in offering alternatives in the snacking sector. The brand introduced Multigrain Chips with unique flavours and adopted baked snacking products early on. According to the brand, their entire snack range has been free of Palm Oil since its inception, reflecting a broader industry movement towards sustainability and healthier snacking alternatives. This shift, as claimed by the brand, highlights changing consumer preferences and industry dynamics in the snacking sector.
“Our commitment to offering palm oil-free snacks, including our popular chips range has been unwavering. With the ‘No Palm Oil’ campaign, we aim to reinforce our position as the ‘OG of No Palm Oil Snacks’ and raise awareness about the importance of mindful snacking choices.” Yogesh Tewari, Vice President of Marketing, Guiltfree Industries Ltd., said.
The campaign employs a multifaceted strategy, leveraging digital platforms to highlight the central message of No Palm Oil. This includes influencer marketing, a social media campaign featuring quirky posts and memes, and on-ground activations nationwide.
https://www.financialexpress.com/business/brandwagon-too-yumm-launches-no-palm-oil-campaign-3507256/lite/
Sumber : Financial Express
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KUALA LUMPUR (May 30): To achieve its net zero emissions goal by 2050, Malayan Banking Bhd (KL:MAYBANK) has identified interim decarbonisation targets for the bank’s palm oil and power portfolios.
The whitepaper, entitled “Banking on a better tomorrow: Our commitment to net zero”, serves as the bank’s primary instrument to publicly communicate its commitments to sustainable growth, Maybank president and chief executive officer Datuk Khairussaleh Ramli said in a statement on Thursday.
Maybank aims to reduce financed emissions intensity for its palm oil portfolio from a June 2023 baseline of 1.47 tonnes of carbon dioxide equivalent per tonne of crude palm oil (tCO2e/tCPO) produced to 1.40 tCO2e/tCPO by 2030.
“This (the 2023 baseline) is well below the reference scenario of 2.04 tCO2e/tCPO. This significant achievement is guided by an integrated reference scenario that combines the Science Based Targets Initiative (SBTi) Flag pathway, tailored for palm oil, with the Network for Greening the Financial System (NGFS) REMIND, which accounts for methane emissions from palm oil milling,” the statement read.
As for the power sector, Maybank has targeted to reduce its financing power emissions intensity from a June 2023 baseline of 442 kg carbon dioxide equivalent per megawatt-hour (kgCO2e/MWh) to 272 kgCO2e/MWh by 2030, based on the regionalised International Energy Agency Net Zero Emissions by 2050 Scenario (IEA NZE 2050) reference pathway.
Its power emissions intensity baseline of 442 kgCO2e/MWh is already below the regional benchmark of 573 kgCO2e/MWh, which represents the average level of carbon emissions from power generation in the region.
No financing to greenfield coal-fired power plants
Meanwhile, the bank said it will continue to enforce its coal policy, whereby no financing will be extended to new greenfield coal-fired power plants and borrowers who derive a material amount of annual revenue from thermal coal.
Khairussaleh said Maybank is well positioned to offer financing for its clientele and the broader palm oil and power ecosystem to support the energy transition in the region.
“By setting ambitious yet achievable targets and implementing a combination of regulatory measures, incentives, and technological innovations, we firmly believe that both sectors can play a crucial role in achieving net zero emissions by 2050,” he added.
At the noon break, shares in Maybank stood one sen or 0.1% higher at RM9.91, valuing Malaysia’s largest bank by assets at RM119.58 billion.
https://theedgemalaysia.com/node/713643
Sumber : The Edge Malaysia
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KUALA LUMPUR (May 26): Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani will lead a Malaysian delegation to Egypt and Türkiye for a working visit from May 27 to June 1, 2024.
He is also scheduled to officiate the Malaysian Palm Oil Forum Egypt 2024 in Cairo on May 28.
In a statement on Sunday, the Plantation and Commodities Ministry said the annual forum, organised by the Malaysian Palm Oil Council, (MPOC) seeks to explore the growth potential for palm oil in the North African region.
In his keynote address at the forum, Johari is expected to highlight the increasing global demand for cooking oil and its derivatives, as well as Malaysia's commitment to sustainable palm oil production.
In addition, he will meet Egypt’s Minister of Trade and Industry and Minister of Supply and Internal Trade to strengthen bilateral cooperation between the two countries. He will also meet business leaders in the palm oil industry.
Subsequently, Johari will visit Türkiye, where he is scheduled to meet the country's Minister of Trade on May 31. The objective is to strengthen collaboration and identify new business opportunities between Malaysia and Türkiye in the palm oil sector .
“Türkiye is an important destination for Malaysian palm oil exports, making this meeting particularly significant for Malaysia,” the ministry said.
https://theedgemalaysia.com/node/712991
Sumber : The Edge Malaysia
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KUALA LUMPUR (May 23): Sarawak Oil Palms Bhd’s (KL:SOP) net profit surged 80% year-on-year (y-o-y) in the first quarter, thanks to higher sales and lower production costs.
Net profit for the three months ended March 31, 2024 (1QFY2024) was RM79.46 million compared to RM44.17 million over the same period a year earlier, Sarawak Oil Palms said in an exchange filing.
Revenue rose 9.8% y-o-y to RM1.33 billion from RM1.21 billion on higher volume, it said.
“The group is taking effective steps to improve its production through an aggressive recovery programme, including cost control and replanting programme,” Sarawak Oil Palms said. The industry will continue to face challenges in view of global economic conditions and softening of commodity prices, it flagged.
Average realised prices per ton for palm oil products stood at RM3,913 versus RM3,973 in 1QFY2023, while that of palm kernel products was 3.9% lower at RM2,267 versus RM2,359 in 1QFY2023.
Sarawak Oil Palms said the group’s performance will continue to be driven by the cyclical fresh fruit bunches production, global world edible oil price movement, as well as supply chain effects on fertilisers, chemicals and fuel prices which will affect production costs.
Shares in Sarawak Oil Palms ended four sen or 1.33% lower at RM2.96, valuing the planter at RM2.64 billion.
https://theedgemalaysia.com/node/712719
Sumber : The Edge Malaysia