Business
Operations Update for Producing Palm Oil Project
Operations Update for Producing Palm Oil Project.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \nRNS Number : 4634C Dekeloil Public Limited 22 January 2018 \n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via a Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \nDekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers\n22 January 2018\nDekelOil Public Limited ('DekelOil' or the 'Company')\nOperations Update for Producing Palm Oil Project in West Africa \n \nDekelOil Public Limited, operator and 100% owner of the profitable and vertically integrated Ayenouan palm oil project in Côte d'Ivoire, is pleased to announce a positive update on its ongoing programme to improve the productivity and profitability of its crude palm oil ('CPO') extraction mill ('the Mill') in readiness for the upcoming peak harvesting season which is expected to commence imminently.\n \n· Installation of a second boiler for the Mill to minimise downtime in the event of a breakdown has been completed ahead of schedule and on budget \no Expected to lead to an increase in CPO production in 2018 as lost production as a result of boiler issues in the 2017 high season should be avoided going forward \no As announced in November 2016 the total capital investment for the boiler stood at €1.25 million\n \n· 25% upgrade in the Mill's capacity to 75 tonnes per hour ('tph') from 60tph to increase the volumes of CPO produced at Ayenouan in the peak period has been completed and testing has proved successful\n \n· The additional boiler and capacity increase form part of the Company's ongoing plan to optimise performance of the Mill, which included the following initiatives that were completed in 2017:\no Construction of an additional 3,000t tank to increase overall on-site CPO storage capacity to 8,000t to provide flexibility regarding timings of the sale of CPO and enable sales prices to be maximised\no Acquisition of an Empty Fruit Press to extract additional CPO from empty fruit bunches\n \n· The team continues to develop its smallholder netwo...