28 September 2018

KONTAN.CO.ID - JAKARTA. PT Mahkota Group Tbk ( MGRO ) began construction of a refinery project to produce cooking oil and kernel crushing plant in Dumai. The refinery plant is targeted to be operational by June 2019.

“This factory has a production capacity of 1,500 tons per day. While the kernel crushing plant has a capacity of 400 tons per day,” explained MGRO President Director Usli Sarsi, Thursday (27/9).

For the construction of the factory, Usli said MGRO poured funds of IDR 330 billion.

“The details of the funds are from the IPO taken IDR 90 billion. Then the remaining 120 billion from the company's internal cash and 120 billion from bank loans,” he explained.

Usli continued that the cooking oil products produced will be distributed throughout Indonesia and partnered with various national retail companies.

“The cooperation is still undetermined. We are still in the process of exploring cooperation and later these retail companies will only help market MGRO cooking oil products,” he concluded.

Not stopping at cooking oil, MGRO will also continue to expand its Palm Oil-based business by producing various derivative products, such as Biodiesel.

“The matter of Biodiesel is still limited to discourse. Given that the government has set B20, it is likely that at the end of 2019 or early 2020 a Biodiesel Plant will be built, the funds for which are likely to be taken from company funds and bank loans,” he said.

Reporter: Krisantus de Rosari Binsasi 
Editor: Yudho Winarto

Source :  http://m.kontan.co.id/news/mahkota-group-mulai-bangun-pabrik-refinery-di-dumai ​