Olam announces third palm plantation to achieve RSPO certification

SINGAPORE (May 2): Olam International says its Mouila Lot 3 palm plantation in Gabon has become Roundtable on Sustainable Palm Oil (RSPO) certified.

The 38,363 hectare (ha) palm plantation is managed by Olam Palm Gabon, a joint venture between Olam and the Republic of Gabon, and has a total planted area of 18.272 ha, out of which 18,765 ha of high conservation value (HCV) is being conserved.

The remaining area comprises infrastructure comprises facilities, roads and housing.

Olam reveals full list of palm suppliers ahead of critical NGO report

Olam International Co-Founder and Group CEO Sunny Verghese

SINGAPORE (Dec 13): Calling itself a “small player” in third-party palm oil sourcing, Olam International on Monday revealed its full suppliers list, ahead of a report criticising its palm operations in Gabon.

In a press release on Monday, Olam says it has been made aware of the report by US-based communications and lobbying company Waxman Strategies, working as Mighty Earth, and Gabon-based NGO Brainforest.

Olam adds that it was “disappointed to see some important factual errors, and several key misinterpretations of Olam’s policies and implementation”.

Olam pushes farms in Africa oil producer to stem income fall

JOHANNESBURG (July 6): Gabon and Olam International are trying to persuade young people to take up farming in a nation that faces dwindling crude revenue and imports almost all of its food.

As part of a government plan to develop cash crops, Singapore-based Olam offers to send aspiring Gabonese farmers on training courses in countries ranging from Morocco to Malaysia.

“We need to foster the development of an agro-industry here,” Gagan Gupta, country head at the company's Gabon unit, said in a phone interview. “It’s about creating human capital.”

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