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Oleon, United Plantations Form Oleochemicals JV in Malaysia

12:52 PM MDT | August 30, 2012 | Natasha Alperowicz

Oleon (Ertvelde, Belgium) and palm plantation owner United Plantations (Perak, Malaysia) have announced the formation of an equally owned joint venture, UniOleon Sdn. Bhd., which will build an oleochemical food emulsifier plant at a cost of €26 million ($32.6 million). The facility will be constructed at Pulau Indah, Malaysia, next to Oleon’s existing plant. The project will be built in two phases, starting in early 2014 with the production of monoglycerides, which will be both sold on the market and used as a starting material to produce the...

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