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New Britain Palm Oil Snapshot
New Britain Palm Oil Limited (NBPOL) grows, harvests, and processes oil palm, primarily in Papau New Guinea and the Solomon Islands. Products include crude palm oil, palm kernel oil, and palm kernel expeller -- ingredients used in products from chocolate and cookies to soaps and cosmetics. NBPOL processes oil palm from its own plantations, as well as buys additional harvests from independent growers. The company also sells oil palm seeds, raises and processes beef-cattle, and produces cane sugar. NBPOL sells domestically and exports to markets that include Australia, Europe, and the UK. Malaysian plantation company Kulim (Malaysia) Berhad owns more than half of the company.
