S. Joan Santani
KUALA LUMPUR: Johor Plantations Group Bhd has teamed up with Fuji Oil Asia Pte Ltd, a subsidiary of the Fuji Oil Group, to develop a specialty oils and fats refinery operating on renewable energy in Osaka, Japan.
The partnership brings together the expertise and commitment of two industry leaders and aligns with both companies' dedication to environmental responsibility and innovation.
Fuji Oil Asia and Fuji Oil Group will actively engage in the supply of traceable and sustainable palm oil to contribute to society by working to solve the world's food and health challenges.
The venture aims to establish new standards for transparency, innovation, and quality in the palm oil industry by leveraging Johor Plantations' extensive experience in sustainable palm oil cultivation and Fuji Oil's advanced processing technologies.
Managing Director Mohd Faris Adli Shukery said its collaboration with Fuji Oil, a worldwide leader in food ingredients, underscores its aspiration to become an integrated palm oil player by working with international partners to produce sustainable and responsible essentials for mankind.
"These initiatives also reflect our commitment to addressing our nation'ssocioeconomic needs through innovative business ventures, while ensuring that product integrity and traceability remain fundamental to our business," he said in a statement today.
Fuji Oil Asia managing director Kunihiko Ogata said palm oil is a key raw material for the Fuji Oil Group, and considers aiming for sustainable palm oil sourcing to be its societal responsibility.
He said the collaboration also enables Johor Plantations to tap into Fuji Oil's wealth of experience in marketing, sales, technical capabilities, and well-established customer relationships with renowned multinational companies in the confectionery and packaged food sector.
Johor Plantations will facilitate the production of higher-value and quality palm oil derivatives and specialty products to enhance the market competitiveness for both companies.
The additional revenue streams across the entire value chain will also help cushion Johor Plantations against potential risks, bolster resilience in the dynamic market environment, and allow for higher margins for the company's palm oil products.
