25th Aug 2015 07:45
LONDON (Alliance News) - DekelOil Public Ltd on Tuesday said that it has made "significant progress" towards achieving its objective to become a certified producer of palm oil in line with the standards set by the Round Table for Sustainable Palm Oil.
DekelOil said its objective is to become the first RSPO certified, fully functioning producer of crude palm oil in the Ivory Coast and among the first in West Africa.
It said it has engaged with Proforest, a UK-based environmental and social consulting group, to assist with the implementation of social and environmental programmes to prepare its milling operations and oil palm estates for certification. The mill is anticipated to be certified first, with the oil palm estates to be certified within three years of the completion of the mill certification.
"We are strongly committed to developing a quality, sustainable palm oil operation in West Africa and are delighted to have commenced this process with RSPO. This follows swiftly on the back of our appointment as an approved supplier to a World Bank-backed programme focused on improving the palm oil industry in Cote d'Ivoire to support local communities. Both these developments demonstrate the increasing recognition our project is receiving from prestigious international organisations, and are testament to our pledge to positively impact our surroundings," Director Lincoln Moore said in a statement.
"Proforest is run by experts in the responsible production of palm oil and we are excited to be working with them as we focus on becoming the first crude palm oil producer in Cote d'Ivoire, and potentially West Africa, to be certified by this Round Table," he added.
Shares in DekelOil were untraded early Tuesday, last trading at 1.04 pence.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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