MIAMI, Jan. 17, 2019 /PRNewswire/ -- The world's biggest Palm Oil producing company, in terms of access to African palm plantations with more than 8 million hectares under contract, has been contacted by major energy conglomerates in the U.S. to reach agreements whereby palm oil produced in Africa can be exported to North America to be transformed into Biodiesel.
New regulations developed in jurisdictions specifically in California are requiring companies to provide and use renewable energy to drive their activities, and because of this a great deal of attention is currently turning towards Biodiesel.
The African palm is the source of palm oil, a profitable product due to its economic efficiency and versatility as a source of both food and energy.
Palm oil is the most efficient raw material for creating the various blends of biodiesel that can be sold at points of sale all over the west coast of the United States, for significant profit.
However, the development of the palm oil industry as a source of biodiesel is not without controversy. The internet is full of criticism about deforestation, displacement of animals that contributes to the threat of extinction, maltreatment and human rights abuse problems.
Company President Oscar Faria notes that, "It's possible to produce palm oil in Africa and achieve the best for both worlds: social and environmental development for regions and people on one hand, and profitable results for investors and strategic partners on the other hand. This balancing act is the driving force that guides the strategy of African Palm Corporation."
The company is collaborating with local leaders who are concerned about the wellbeing of their people and the conservation of their lands. These relationships are based on strong principles of mutual respect without imposing on anyone. It is a win-win situation.
As a result of African Palm Corp's actions, agreements have been signed with local proprietors for more than 8 million hectares of land in west and central Africa, where African palms grow wild or on empty lands, though they can also be planted with EG seeds. This guarantees that there is no risk of deforestation due to the fact that practically unlimited areas of land are easily available.
The company has an exclusive agreement with one of the largest and most prestigious insurance brokers in the world to coordinate insurance coverage of its operations against climate and political risk through a syndicate of Lloyd's of London.
All of the lands will be developed with the help and support of members of the local communities surrounding the plantations. This will ensure that people do not suffer the consequences of forced migrations and have to live apart from their nearest and dearest. Local leaders have expressed zero tolerance for negative environmental impact that could result from operations. The commitment undertaken with them has been documented in written agreements expressing a commitment to directly invest 10% of the operation's net profits in social projects in the communities involved. The company wishes to be always welcome on these precious lands.
The company's primary objective is to uphold its commitment to social responsibility, environmental protection and good commercial practices with its partners, investors, insurers, suppliers and the communities of Africa, so that, when anyone searches for palm oil on Google, the links connecting to the company will tell nothing but good stories.
African Palm Corp is a U.S. corporation with headquarters in Miami. For further information, please go to www.africanpalmcorp.com
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SOURCE African Palm Corp