On Dec 5, 2011, the Business Times, Malaysia published an article reporting the increase volume of business by JJ-Lurgi due to the rising regional demand. Read a summary of the article below:
JEBSEN & JESSEN (SEA) Pte Ltd (JJSEA) is in a sweet spot, having clinched an influx of jobs to build and upgrade oleochemical plants in Indonesia and Malaysia, following Indonesia's restructure of palm oil taxes.
Since August 2011, the Indonesian government has raised export taxes drastically to boost refining capacity and downstream activities. Crude palm oil (CPO) export tax was set at 22.5 per cent and refined palm olein tax at 13 per cent.
This means CPO and crude palm kernel oil are cheaper for oleochemical producers there. What's more, oleochemicals exported from Indonesian shores are tax-free. As expected, the tax incentives have spurred investments in Indonesia's nascent oleochemical industry.
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