Business
Positive Mill Update
Positive Mill Update.
About this update from Dekel Agri-vision Plc
[{"type":"text","content":"\n \nRNS Number : 0315R Dekeloil Public Limited 22 October 2013 \n \n\n \nDekelOil Public Limited / Index: AIM / Epic: DKL / Sector: Food Producers\n22 October 2013\nDekelOil Public Limited ('DekelOil' or 'the Company')\nPositive Update on Construction of 60 t/hr Crude Palm Oil Extraction Mill\n \nDekelOil Public Limited, operator and 51% owner of an established vertically integrated palm oil project in Côte d'Ivoire, is pleased to announce that the construction of its 60 t/hr Crude Palm Oil ('CPO') extraction mill by Modipalm Engineering SDN BHD ('Modipalm'), the leading Malaysian engineering company is progressing well. The Mill is on course to become fully operational and generate first revenues in January 2014, at which point it will become one of West Africa's largest with a capacity to produce 70,000 tonnes per annum. \n \nThis update is in line with DekelOil's strategy to build a major, asset-backed West African palm oil company, which in addition to the Mill includes: an operational world-class nursery with an annual capacity of 1 million seedlings; 27,000 hectares of mature plantations secured via agreements with 5,000 local smallholders and cooperatives; and 1,900 hectares of Company-owned estates.\n \nInstallation of the Mill's equipment, currently being led by Modipalm & Boilermech SDN BHD, is at an advanced stage as demonstrated by the following summary regarding the progress of the key work streams: \n· Steel structure works, the FFB reception station and all essential civil works are completed;\n· Sterilisation station passed X-ray welding tests;\n· Boiler pipes installation completed and hydro-tests in process;\n· Oil recovery tank is completed and pipe work is advanced;\n· First 2,500 tn storage tank completed and second storage tank is at advanced stages;\n· Kernel drying silos completed and the recovery station is at advance stages;\n· Pressing station is at it last stages of insulation;\n· Depericarping Station, Clarification Station and Engine Room are in assembly stage.\n \nAn empty run test of all equipment is scheduled for January 2014, followed by a full capacity test to ensure the Mill is in full working order ...