PETALING JAYA: Ecoscience International Bhd is confident the expansion of downstream activities by Indonesian oil palm companies will underpin its plan to expand its operations there.
The integrated palm oil services provider’s executive director Pan Kum Wan said the proceeds raised from its listing on the ACE Market of Bursa Malaysia would be used for the expansion of the company’s production capacity, specifically in Indonesia.
“About 40 years ago, there was a big expansion downstream in the Malaysian palm oil industry, with regards to refinery, biodiesel etc.
...