Equatorial Palm Oil plc First Shipment from Port of Buchanan (8048M)
18 September 2019 - 7:45PM
UK Regulatory
TIDMPAL
RNS Number : 8048M
Equatorial Palm Oil plc
18 September 2019
18 September 2019
EQUATORIAL PALM OIL plc
("EPO" or the "Company")
First Shipment from Port of Buchanan
Equatorial Palm Oil plc (AIM: PAL), the AIM listed palm oil
development and production company with operations in Liberia, West
Africa, confirms the first export shipment of crude palm oil
("CPO") from the port of Buchanan.
On 20 August 2019, the Company announced that one of the
customers of its operating subsidiary (Libinc Oil Palm Inc.) at
Palm Bay estate had confirmed the purchase of 2,700 MT of CPO,
which was to be collected by parcel tanker ship from the port of
Buchanan.
The Company is pleased to confirm that this shipment has now
taken place and that the CPO was shipped to Doula in Cameroon.
All shipments to customers going forward are expected to be made
by parcel tanker ship from the port of Buchanan, which, utilising
the Company's 3,000 MT storage tank export facility, allows
customers to purchase the Company's oil palm products in bulk for
export.
- END -
For further information, please visit www.epoil.co.uk or
contact:
Equatorial Palm Oil plc +44 (0) 20 7268
Geoffrey Brown (Executive Director) 4874
Strand Hanson Limited (Nominated Adviser) +44 (0) 20 7409
James Harris / James Bellman 3494
Mirabaud Securities Limited (Broker) +44 (0) 20 7484
Peter Krens 3510
Notes to editors:
Equatorial Palm Oil plc is an AIM listed crude palm oil
developer and producer with palm oil estates in Liberia, West
Africa. The Company was founded in 2005 and is focused on becoming
a global, sustainable producer of high quality palm oil to regional
and international markets.
With a land position in Liberia through its operating subsidiary
Liberian Palm Developments Limited ("LPD"), the Company is
geographically well positioned to serve the international and
regional markets and is committed to making a positive impact on
the communities in which it operates through investment in local
schools, health clinics, housing and infrastructure.
The Company's largest shareholder and 50:50 joint venture
partner in LPD is KLK. KLK is one of the largest palm oil producers
in the world and the Company will greatly benefit from their many
years of expertise in oil palm development.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCKVLBFKKFXBBB
(END) Dow Jones Newswires
September 18, 2019 05:45 ET (09:45 GMT)
Equatorial Palm Oil (LSE:PAL)
Historical Stock Chart
From Apr 2024 to May 2024
Equatorial Palm Oil (LSE:PAL)
Historical Stock Chart
From May 2023 to May 2024