Corporate Profile | KENCANA AGRI
Listed on the Singapore Exchange on 25 July 2008, Kencana Agri Limited (“Kencana” or “the Group”) is a plantation company engaged mainly in the cultivation of oil palms; processing of Fresh Fruit Bunches (“FFB”) into Crude Palm Oil (“CPO”), Crude Palm Kernel Oil (“CPKO”), Palm Kernel Cake (“PKC”) and Palm Kernel (“PK”) and provision of bulking services.
Kencana's oil palm plantations are located mainly in Sumatra, Kalimantan and Sulawesi regions of Indonesia. Since its inception in 1996, the Group's planted area has grown to about 68,150 ha in 2021 including plasma. The Group currently has six palm oil mills with total processing capacity of 305 tonnes per hour and two kernel crushing plants with capacity of 435 tonnes per day. The Group also in the midst of constructing its 7th palm oil mill in Gorontalo province with capacity of 30 tonnes per hour.
The Group is progressively moving toward its prime mature stage with significant potential for production growth in the coming years as its palms continue to mature and reach peak production.
Kencana is committed to growing its plantation business in a sustainable, ecologically and socially acceptable manner. It has adopted environmentally friendly practices in its plantation development such as zero-burning and zero-waste management. Furthermore we commit and strive to adopt sustainable agricultural practices through certification with Indonesian Sustainable Palm Oil (“ISPO”) as required by the Indonesian government.
It also sells “green” electricity to the state-owned electricity company PT Perusahaan Listrik Negara (“PLN”) from its renewable biomass power plants in Bangka island.
Kencana is also committed to working with and improving the social and economic welfare of the local communities through its plasma and corporate social responsibility programmes.