palm oil
Korindo Group
https://www.korindo.co.idAbout
Established in 1969 with primary interest in hardwood development. Korindo began oil palm plantation development in 1995 and tit is now the biggest palm oil company operating in Papua, Indonesia. It operates oil palm plantations and processing mills, but has made it clear that it plans to enter the refinery business. In recent years, the group has faced increased controversy over land disputes, poor plantation management practices and fire hotspots within their concessions.
RSPO Member : No
Market cap
Private company
Landbank
>120,000
hectares (across Indonesia)Supply chain position
Upstream
Grower of oil palm | Processor and trader of crude palm oil and palm kernel oilRefineries / capacity
0
Korindo does not operate any CPO refineries.NDPE Policy
No
No Deforestation, No peat, No exploitationMarket served
International, South East Asian
Parent Company
n/a
Subsidiaries
PT Tunas Sawa Eerma, PT Dongin Prabhawa, PT Papua Agro Lestari (PAL) and PT Gelora Mandiri Membangun (GMM)
Products
Crude palm oil and crude palm kernel oil
Resources
Mighty Earth
Palm Oil Firm Korindo Aims to Silence NGOs With Baseless “SLAPP” Lawsuit
January 19, 2021China Dialogue
South Korea’s finance of ‘green’ palm oil drives destruction in Indonesia
December 23, 2021Chain Reaction Research
The Chain: Suspended Palm Oil Company Korindo Turns to Biofuel Market
April 10, 2019
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