new arrival palm oil refining production line in ethiopia

                                               
                                               
                                               
                                               
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  • Where is golden Africa's palm oil refining & packaging plant?
  • REUTERS/Ahmed Jadallah One year after its inauguration in December 2018, overlooking the multimodal port of Doraleh, Golden Africa’s palm oil refining and packaging plant has already picked up speed. And trucks, destined for Ethiopia, will soon be on their way, fully loaded. More than $30m was invested in the refinery, the largest in Djibouti.‌
  • How much palm oil will Ethiopia produce a month?
  • With 35,000 employees and several billion dollars in turnover, the group is one of the world’s leading producers and refiners of palm oil. The monthly target of 21,000tn of oil in the medium term, however, is still insufficient to meet Ethiopian demand of 50,000tn per month and between 6,000 and 8,000tn in Somalia and Eritrea.‌
  • What is the palm oil refining industry?
  • The palm oil refining industry is one of the most important manufacturing sectors in the world. Palm oil has become an increasingly important vegetable oil in the world market and currently, Indonesia & Malaysia are the largest producer and exporting company of Crude Palm oil.‌
  • Why is Ethiopia importing palm oil from Djibouti?
  • While 90% of the palm oil sold in Ethiopia is imported, the region’s only refinery offers an important advantage. Addis Ababa is spending $500m a year on imports, against a backdrop of foreign-exchange shortages. “By importing from Djibouti, there is no foreign-exchange problem.‌
  • Does Djibouti have a palm oil refining plant?
  • A Djibouti policeman stands guard at the Doraleh container terminal in Djibouti port. REUTERS/Ahmed Jadallah One year after its inauguration in December 2018, overlooking the multimodal port of Doraleh, Golden Africa’s palm oil refining and packaging plant has already picked up speed.‌
  • Does Djibouti have a palm oil pipeline?
  • The company, headed by the Yemeni Fouad Hayel Saeed, Djibouti’s honorary consul in Malaysia, has a 3.4 km pipeline to its own terminal, where ships from Malaysia and Indonesia (producing 85% of the world’s palm oil) dock. Within a year of opening, the company had captured almost a fifth of the palm oil market share in Ethiopia.