M. P. Evans Group PLC New mill (0235Q)
16 Fevereiro 2023 - 4:00AM
UK Regulatory
TIDMMPE
RNS Number : 0235Q
M. P. Evans Group PLC
16 February 2023
M. P. EVANS GROUP PLC
(THE "GROUP" OR "M.P. EVANS")
NEW MILL IN SOUTH SUMATRA
The board of M.P. Evans, the producer of sustainable palm oil,
is pleased to announce that the Group's sixth palm-oil mill has now
been commissioned at its Musi Rawas estate in South Sumatra.
This 60-tonne-per-hour facility is now processing all the fresh
fruit bunches ("ffb") from the Group's own areas and those of its
associated scheme smallholders. The Group expects to be able to
increase oil-extraction rates by utilising this new mill rather
than sending crop to third-party mills.
The Group will work towards receiving certification from the
Roundtable on Sustainable Palm Oil ("RSPO") for the new mill as
soon as possible. This will help to increase further the Group's
total percentage of certified sustainable production. Group and
associated scheme-smallholder crops are continuing to increase
significantly at Musi Rawas as the young areas mature, and planting
is continuing in 2023 as the Group progresses towards its initial
target of 10,000 planted hectares of Group and associated
scheme-smallholder oil palm. In addition, the Group will look for
profitable opportunities to source ffb from independent suppliers
close to Musi Rawas to utilise spare capacity at its new mill, in
the same way that it has successfully purchased independent crop at
its existing mills.
16 February 2023
Enquiries:
M.P. Evans Group PLC Telephone: +44 (0) 1892 516333
Peter Hadsley-Chaplin, Chairman
Matthew Coulson, Chief executive
Luke Shaw, Chief financial officer
Peel Hunt LLP (Nomad and joint Telephone: +44 (0) 20 7418 8900
broker)
Dan Webster, Andrew Clark, Lalit Bose
finnCap (Joint broker) Telephone: +44 (0) 20 7220 0500
Tim Redfern, Harriet Ward
Hudson Sandler (Financial PR) Telephone: +44 (0) 20 7796 4133
Charlie Jack, Francis Kerrigan, Amelia Craddock
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END
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