Sabah eyes downstream palm oil ventures

A representative of TangShan ChunHua Grain (left) exchanging documents with and Oil Co Ltd was witnessed by Malaysia’s Deputy Minister of Plantation Industries and Commodities (MPIC) Datuk Datu Nasrun Mansur (centre), (May 4).

KOTA KINABALU: Sabah wants to go further in the downstream processing of its palm oil and other related products by tying up with four China-based firms.

State-owned POIC Sabah Sdn Bhd has signed agreements with Tangshan Chunhua Grain & Oil Croup Co Ltd, Xinji Xinyuan Biotech Co Ltd, Top Honesty Biotechnology Co Ltd and Hong Kong-based Utility Sugar Trading Ltd.