LONDON (ShareCast) - Palm oil development company DekelOil Public on Friday announced that the equipment and components required to construct the Kernel Crushing Plant (KCP) have arrived at Abidjan port, Côte d'Ivoire.
The firm owns a 51% operating interest in the plant, which is a key part of the company's strategy to maximise profitability at Ayenouan.

The transfer of the equipment to Ayenouan will begin once clearance has been received by the customs authorities.

Once operational in the final quarter of 2015, the KCP, which is fully funded, will operate at 60 tonnes per day and has a capacity to produce palm kernel oil at a rate of 80 tonnes per day.

DekelOil Executive Director Lincoln Moore said: "With an expected maximum capex requirement of €1.1m, our expectation is that the KCP will have a highly attractive investment return profile which, by allowing both palm kernel oil and animal feed to be sold in the local market at the factory gate, will materially increase profitability at Ayenouan.

"Together with our rapidly increasing crude palm oil production at our 70,000 tonnes per annum mill, which has already seen 2014's production levels exceeded in just the first four months of 2015, we are delivering on our strategy to build Ayenouan into a profitable and cash generative asset."

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