sp reacting to to RNS confirming funding available to develop their palm oil concession in Liberia.

http://www.prweek.com/uk/news/1043286/Liberian-palm-oil-producer-hands-brief-Pelham-Bell-Pottinger/

http://moneyam.uk-wire.com/cgi-bin/articles

/201012091828197128X.html

Equatorial Palm Oil

Legally Binding Joint-Venture signed with BioPalm Energy

http://theinquirer.com.lr/story.php?record_id=3362⊂=14

Just topped up @20.60 on very good new's


Equatorial Palm Oil



("EPO" or "Company")



Installation of Liberia's Only Commercial Palm Oil Mill





Equatorial Palm Oil plc (AIM: EPO) the Liberia, West African focussed sustainable oil palm plantation developer, is pleased announce that the installation of the new oil mill (the "Mill") for the Palm Bay Plantation ("Palm Bay"), located 160km south east of Monrovia, is proceeding on schedule.



The Mill will be Liberia's only commercial palm oil processing mill following the successful commissioning by the end of December 2010. The Mill has been constructed on site by Modipalm Engineering Sdn. Bhd. ('Modipalm'), a leading Malaysian manufacturer of palm oil mills. Modipalm's engineers are currently carrying out production test runs on site and it is expected that commercial production of crude palm oil ("CPO") will commence in January 2011. The engineering team will remain on site to train EPO mill operators to ensure that production of CPO is optimised.



The Mill will have a throughput of five tonnes of fresh fruit bunches per hour and is expected to produce approximately one tonne of CPO per hour once commercial production is established. CPO will be produced from existing rehabilitated areas owned by EPO, which holds a land position of circa 34,398 hectares at Palm Bay. The Mill will provide training and educational facilities for future crude oil mills that EPO is planning to build over the next five years in Liberia.



EPO has also agreed that if additional capacity is available, the Mill will produce CPO from fresh fruit bunches bought from out growers and small farm holders in the region. It is expected that the CPO produced will be sold domestically within Liberia.





Michael Frayne, Chairman of Equatorial Palm Oil, commented:



"We are extremely pleased to have the Mill built and in operation, having worked closely with Modipalm's specialist engineering team. We look forward to moving into commercial production in January 2011 and operating the only commercial palm oil mill in Liberia. EPO remains focused on becoming the leading CPO in West Africa and we will keep all our stakeholders fully informed of further developments."



Enquiries:



Equatorial Palm Oil plc

Company

Michael Frayne, Chairman

Up 16% so far today.

The unrest in the Ivory Coast may boost the Pam oil price , its one of its main export's

try cocoa!
the palm oil market is completely dominated by malaysia and indonesia which between them account for 83% of world production ..... however, i think i saw that there is a very nasty and incurable disease spreading in those regions which is killing off many palms and plantations .... for all that, PAL will still be a minute producer in a singularly unstable and corrupt country (unlike indonesia of course!)

I said it was ONE of its main export's. How much of that 83% is sustainable palm oil.? One company recently lost a big contract because it wasn't sustainable .

nothing can be described as sustainable when huge swathes of (rain)forest are destroyed to allow planting of more oil palms - as in Ivory Coast!

Cynic your beginning to sound like Fred.

" Equatorial Palm Oil plc (AIM: EPO) the Liberia, West African focussed sustainable oil palm plantation developer "

in truth aldo, this company is rather too small for my liking, having a cap of barely 20m .... but does destroying rainforest for a plantation de facto mean that it is non-sustainable? ... an interesting philosophical question

http://moneyam.uk-wire.com/Article.aspx?id=201012291201176617Y

Maybe a bid for PAL's land bank ?
http://moneyam.uk-wire.com/Article.aspx?id=201012300700066881Y

From a poster on the iii website.

What got me going on this company was the future peer to peer comparison, its location to the EU, its sustainability and its enormous potential to expand its plantation. None of the other producers have as much land as PAL do. Theyve installed the mill and expect production in January, this along with the good news of the joint venture to double up production means a good 2011 on the cards.

These are looking cheap.

Should reach 30p this week

http://www.palmoilhq.com/

Good end of the week for PAL , update on production & the mill this month .

Most Palm oil co's are up today , PAL up 29 bid 30 offer

up again to day , we have overtaken NBPO , BIP as dipped and PALM is the fastest mover this week gaining on BIP.