Business
Update on Palm Oil Mill and Operations
Update on Palm Oil Mill and Operations.
About this update from Capital Metals Plc
[{"type":"text","content":"\n \nRNS Number : 7648G Equatorial Palm Oil plc 06 March 2018 \n\n06 March 2018 \n \nEQUATORIAL PALM OIL plc\n(\"EPO\" or the \"Company\")\n \nConstruction of Palm Oil Mill and Operational Update \n \n \nEquatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil development and production company with operations in Liberia, West Africa, is pleased to provide an update with respect to the construction of its palm oil mill and its general operations.\n \nPalm Oil Mill (\"POM\")\nThe POM is being constructed at the Palm Bay estate in a modular fashion, with two lines of 30 metric tonnes per hour (\"mt/hr\") planned for construction. In anticipation of both lines becoming operational, the ground preparation has already been completed for the final 60 mt/hr POM. The construction of the first 30 mt/hr module of the POM is progressing well and is now nearing completion, with commissioning of this module on track for Q3 2018 as announced on 12 October 2017. The first shipment of crude palm oil (\"CPO\") is expected to take place in Q4 2018 following completion of the first module.\n \nThe state of the art POM will incorporate the latest advancements in mill technology and will also include a kernel crushing plant (\"KCP\") and a biogas plant, expected to be completed in Q3 in line with the first module of the POM - both of which will be the first of their kind in Liberia. \n \nThe KCP will have a capacity of 10 mt/day once fully operational, which will be sufficient to crush the kernel pr...