Liberia: Sime Darby Plans up to 100,000 Hectares of Oil Palm in Liberia

Jun 9, 2014 | Bernama
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KUALA LUMPUR, June 9 (Bernama) -- Multinational Conglomerate, Sime Darby Bhd, is planning to plant up to 100,000 hectares of oil palm in Liberia within the next 10 years.

This is under its 63-year concession with the West African country's government to develop 220,000 hectares of land.

Sime Darby has so far planted about 10,035 hectares with oil palm in Liberia, involving a total investment of between RM100 million and RM200 million, inclusive of upfront infrastructure since signing the agreement in 2009.

The first planting began in 2010.