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MP Evans Group PLC - Tunbridge Wells, England-based producer of crude palm oil - Commissions fifth palm oil mill at its Bumi Mas estate in East Kalimantan, Borneo, and is now processing all the fresh fruit bunches harvested from both the group's own areas and those of its associated smallholders.
MP Evans is also looking to develop a biogas facility and a bulking station, both of which are set to become operational in the second half of 2021.
In addition, following the changes to the Roundtable for Sustainable Palm Oil regulations, the group had paused planting at its Musi Rawas estate in late 2019.
Following the submission of all needed documentary evidence to demonstrate compliance with the new requirements, it has been confirmed that the plant can restart. There are 8,000 planted hectares at Musi Rawas, and MP Evans believes it can plant a minimum total of 10,000 hectares.
Current stock price: 715.81 pence
Year-to-date change: up 8.5%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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