Malaysia’s palm oil processor Pacific Interlink is set to build the largest ever palm oil refinery in Ethiopia, according to news at AllAfrica. The edible oil refinery will produce 300,000 tonnes of oil annually at an estimated cost of 401.1 million Br. Pacific is already a supplier of palm oil to the Ethiopian Government and is expected to supply 103,200 tonnes palm oil in the current contract ending in May 2013.
Ethiopia relies heavily on imports, of mostly palm oil, to supply its edible oil consumption which reached 285,210 tonnes in 2011/12. Local oil production can only meet 20% of the country’s consumption requirements. Hence the government floated a tender and planned to facilitate the construction of a local refinery to reduce dependence on finished products’ imports. Pacific won the government approval and opted to build the refinery independently instead of jointly with the Ethiopian government.
3 April 2013