New Britain Palm Oil Begins Construction of Processing Plant in Merseyside

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Researched by Protel Associates Limited in alliance with Industrial Info Europe (Galway, Ireland)--New Britain Palm Oil Limited (LSE:NBPO) (West New Britain, Papua New Guinea) has begun construction of an £18 million ($29.5 million) palm oil processing plant in the Mersey docklands. Development of the 6-acre site near Regent Road, Bootle, has already begun.

Multi-Tech Contracts Limited (Warrington, United Kingdom) is the project manager, and technology expert Desmet Ballestra is supplying the majority of process equipment. Completion of construction is expected during the second quarter of 2010.

According to the Liverpool Daily Post, New Britain Palm Oil is the first palm oil producer to offer customers the opportunity to order fully traceable and sustainable palm oil in the U.K. and wider Europe. New Britain Palm Oil claims to be an ethically-driven company, and operates a large palm oil plantation and production facility in Papua New Guinea. The refining facility will have a production capacity of approximately 170,000 metric tonnes of refined palm oil per year. New Britain will ship the oil from its plantations in Papua New Guinea to the Port of Liverpool, where it will be transported to the new facility.

The company had considered several dockland sites throughout the U.K., but decided Merseyside was the best option. A key factor was an agreement with Tate & Lyle (OTC:TATYY) to utilise existing nearby tanker storage capacity.

For more information see related February 23, 2009, news article - New Britain Palm Oil to Develop Processing Plant in Mersey Docklands.

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