Saturday, 9 January 2010

Second largest oil palm company invests in Liberia

Second largest oil palm company invests in Liberia - Jan 8, 2010

The world second largest oil palm company invests in Liberia…
Vice President Joseph Boakai says the US.6 billion investment by Golden Veroleum and Gold Agri Resources Company will help the government provide the needed employment opportunities in southeastern Liberia.

Golden Agri Resources is the largest palm oil operation in Indonesia and the second largest in the world.

The Vice President said the southeastern has attractive investment opportunities and prospects.
The Vice President made the observation Tuesday when a delegation from the company called on him at his Capitol Building office to brief him about their plan to invest in Liberia’s oil palm industry.

Briefing the vice president earlier, the head of the delegation, Matt Karine, said his company’s vision in Liberia is to cultivate over 240,000 hectors of oil palm in Grand Kru, Sinoe, and Maryland counties, hoping to produce more than one million tons of palm oil per annum.
He said the company will provide direct employment for an estimated 40,000 persons, as well as develop infrastructure.