IOI Five-Year Plan (2020-2024)
IOI GROUP
IOI Five-Year Plan (2020-2024)
•
Progress from a cost competitive palm oil producer to a high value-added diversified palm-based
products producer, to increase resilience and competitiveness for the future (cont'd)
ef
4
Increase the
non-CPO
segment
LO
5
Grow the
oleo-
chemical
segment
Target: Convert oil palm by-products and processing
waste into value-added products at a competitive cost
(circular economy)
■ Build IOI Palm Wood factory and commence high
performance palm wood boards and panels production in Q3
2023.
■ Installed methane gas capture facilities in 12 mills, out of
which 9 produce power in addition to biogas for steam boiler.
Explore other new conversion technologies for our bio-mass.
■
Target: Increase oleochemical segment's sales volume
by 15% and profitability by 25%;
Constructing new 110,000 MT/year capacity oleochemical
plant in Prai, Penang which is slated to complete by the third
quarter of 2022.
Constructing a new soap noodle plant in Pasir Gudang, Johor.
■ A new pilot plant for pharmaceutical excipients and active
ingredients has commenced operations in Germany.
HOW 101 PALM WOOD TRANSFORMS OPT INTO SUSTAINABLE MATERIALS
Harvesting OPT
Packing/Delivering
Cut to Size
OnCoire
Drying
*********
Pressing
111
DECCOCOD
Gluing
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