South Korea 5t coconut big oil refinery plant palm

South Korean Companies Have Outsized Impact on Palm

  • South Korea 5t coconut big oil refinery plant palm
  • South Korea 5t coconut big oil refinery plant palm
  • South Korea 5t coconut big oil refinery plant palm
  • South Korea 5t coconut big oil refinery plant palm

Public perspective on South Korea's oil refining industry

The environmental impacts of palm oil

Refinery industry in South Korea statistics & facts Statista

Manufacture of Crude Palm Oil and Refined Palm Oil

  • Are South Korean companies leaking unsustainable palm oil into international markets?
  • South Korean companies are significant leakage players as both developers of plantations and buyers of palm oil products. While NDPE commitments increasingly cover the global palm oil industry, deforestation-linked growers continue to leak unsustainable palm oil into international markets.
  • Who makes palm oil in South Korea?
  • South Korean growers Korindo, Posco, and LG Corporation supply crude palm oil (CPO) to non-NDPE refiners in India, such as Emami Agrotech. Six South Korean companies operate palm plantations in Indonesia: Posco International, Korindo Group, Samsung C&T, Daesang Corporation, LG Corporation, and JC Chemical.
  • Who owns leakage palm oil in South Korea?
  • The largest shareholders in the South Korean leakage palm oil chain are the National Pension Service, Samsung Life Insurance, BlackRock, Vanguard, and Norges Bank. These investors cover the upstream, midstream, and downstream leakage chain. Most of the South Korean companies involved in the leakage palm oil market are part of larger conglomerates.
  • Are non-cooperating refiners leaking unsustainable palm oil into the market?
  • However, non-cooperating refiners continue to leak unsustainable palm oil into the market. Palm oil refining capacity in Indonesia and Malaysia that is covered by NDPE policies increased from 74 percent in 2017 to 83 percent as of April 2020, as reported by CRR.

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