08 November 2022

Sinarmas Cepsa Pte Ltd (SCPL) and its parent companies, the chemicals business of CEPSA and agribusiness Golden Agri-Resources (GAR), today signed a Memorandum of Understanding to expand the production of bio-based chemicals at SCPL’s site in Lubuk Gaung, Indonesia. The site is ideally positioned to serve customers worldwide and the existing facility, which started production in 2017, is fully utilised.

SCPL has a strong ambition to grow along the fatty alcohols value chain, with sustainable development at the heart of its strategy and operations. Global demand for fatty acids and natural alcohols is driven by growing demand for home and personal care products, as well as increasing demand for sustainable, bio-based solutions across a variety of the industries SCPL serves.

The expansion is expected to advance SCPL’s growth strategy, to contribute to solving environmental challenges, including climate change, and to support sustainable farming practices in Indonesia. Pending final investment decisions, this incremental production will bring additional employment and economic benefits to the local community.

“Sustainably sourced, bio-based alternatives are key requirements for our customers and the markets we serve” said Kung Chee Wan, CEO of SCPL. “We are excited to grow with our customers and increase the scale of our sustainable and traceable integrated supply chains.”

About Cepsa
Cepsa is a global energy and chemical company operating at every stage of the oil and gas value chain. Cepsa also manufactures products from plant-based raw materials and operates in the renewable Energy sector. Cepsa has 90 years of experience and a team of over 10,000 employees, who combine technical excellence with adaptability. Cepsa operates on five continents.

About Cepsa Química
Cepsa Química is a world leader in its sector and is leading the shift towards sustainable chemistry, with a clear commitment to the fight against climate change and the transition to a circular, non-fossil economy. The company leads the worldwide production of LAB, the main raw material used in biodegradable detergents, where Cepsa Química is a pioneer player. It is also number one in the production of cumene, an intermediate product used in the production of phenol and acetone, which are the main raw materials for the manufacture of engineering plastics and of which it is the world’s second largest producer.

Cepsa Química currently employs more than 1,000 people and has plants in seven countries around the world (Spain, Germany, Brazil, Canada, China, Indonesia and Nigeria).

About Golden Agri-Resources (GAR)
As an integrated agribusiness, GAR delivers an efficient end-to-end supply chain, from responsible production to global delivery. In Indonesia, its primary activities include cultivating and harvesting oil palm trees; the processing of fresh fruit bunches into crude palm oil (CPO) and palm kernel; refining CPO into value-added products such as cooking oil, margarine, shortening, biodiesel and oleo-chemicals; as well as merchandising palm products globally. GAR’s products are delivered to a diversified customer base in approximately 100 countries through its global distribution network with shipping and logistics capabilities, destination marketing, on-shore refining and ex-tank operations. GAR also has complementary businesses such as soybean-based products in China, sunflower-based products in India, and sugar businesses.

• To promote and improve a positive HSEQ culture with the full commitment and participation of all employees, contractors, suppliers, customer and visitors.
• To ensure all its manufacturing and business activities are done in accordance with local regulations and best industry practices.
• To utilize available resources and technologies to prevent and eliminate the risk of injuries, occupational illnesses, environmental pollution and damage to properties.
• To continually excel in providing good quality products and services that exceeds the expectations of customers and stakeholders.
• To demonstrate visible commitment, enforcement, continuous improvement and provision of suitable resources to improve HSEQ management
• To inculcate a high performance and innovation culture
• To maintain constructive engagement with internal and external stakeholders in all aspects related to HSEQ

Golden Agri-Resources (GAR) is one of the largest palm oil plantation companies in the world. Our plantations are located in Indonesia and we manage more than 480,000 hectares of palm oil plantations (including smallholder farmers). We are a leading seed-to-shelf agribusiness—from growing oil palms with farmers to producing food for the present and future.

Sustainability is an essential part of our business and we are guided by our GAR Social and Environmental Policy (GSEP). The GSEP is the roadmap we share with our employees, smallholders, suppliers, and customers as we work together to realise GAR’s vision of a sustainable palm oil industry.

GAR believes that farming palm oil is an effective way to create jobs and alleviate poverty, and provides opportunities for communities to secure a better livelihood for themselves. As one of the largest plantation companies in Indonesia, operating largely in rural and remote areas, we not only play an active role in the well-being of our employees, but also in the wider communities where we operate.

Founded in 1996, GAR was listed on the Singapore Exchange in 1999 and the corporate office is located in Singapore. GAR has several subsidiaries which includes PT SMART Tbk, our business operating in Indonesia; Victory Tropical Oil, our distribution business in Europe and the US; PT Dami Mas Sejahtera, our certified DxP seed producer and supplier; and our various businesses in China.

To learn more about Golden Agri-Resources, visit goldenagri.com.sg.

Moeve is an international company with more than 11,000 employees, committed to advancing sustainable energy, chemicals, and mobility. Its ambition is to become one of the driving forces of the energy transition, accelerating both its own decarbonization and that of its customers.

The chemicals division of the Moeve Group operates through Moeve Chemicals S.A.U., a Madrid‑based company committed to societal development, decarbonization, and climate neutrality. It employs more than 1,000 professionals across six chemical production plants in Spain, Brazil, Canada, China, and Nigeria, as well as ten commercial offices worldwide.

The products developed by Moeve Chemicals are present in the daily lives of millions of people and across the value chain of nearly every industrial sector, from cosmetics, shampoos, biodegradable detergents, and paints to electronic components, plastics, pharmaceutical products, and food preservatives, among many others.

This chemicals division is the global leader in the production of linear alkylbenzene (LAB), an essential ingredient in biodegradable detergents, soaps, and cleaning products, and the world’s second-largest producer of phenol—a key raw material used in a wide range of products, including mobile phones, computers, textiles, and automotive components.

At Moeve, we believe that the best way to create value for our customers is by supporting them on their decarbonization journey, offering solutions with a lower carbon footprint that help them achieve their own sustainability goals. This commitment is embodied in the Next range, our most sustainable product line, developed using renewable energy, innovative processes, and sustainable raw materials that significantly reduce environmental impact and carbon emissions.

To learn more about Moeve’s chemicals activities, visit:
https://chemicals.moeveglobal.com

• Establish a global manufacturing and marketing footprint.

• Develop distinctive competitive advantages in technology and manufacturing capabilities.

• Achieve excellence in safety, operations and supply chain.

• Provide innovative solutions, reliable quality and services for our customers.

• Attain global leadership in green and sustainable products.

Sinarmas Cepsa Pte. Ltd. is a supplier of oleochemicals, established as a joint venture between the chemicals business of the Spanish integrated energy company Moeve and the Indonesian conglomerate Sinar Mas Group.

Headquartered in Singapore, with production facilities in Lubuk Gaung, Indonesia, as well as in Genthin, Germany, our company is built on the strong synergies of its partners. Golden Agri-Resources Ltd (GAR) is the world’s second-largest producer of palm oil, with fully integrated operations and a strong presence in the APAC region, while Moeve is a global leader in the Linear Alkyl Benzene (LAB) surfactant industry, with a broad portfolio of chemical products and a leading presence in the Western Hemisphere.

Sinarmas Cepsa Pte. Ltd. and its subsidiaries are fully committed to the production, marketing, and development of fatty alcohols and alcohol derivatives based on sustainable palm oil and palm kernel oil (PKO).

As a member of the Roundtable on Sustainable Palm Oil (RSPO), we follow, promote, and communicate the principles and criteria established by this initiative to all our stakeholders, including employees, suppliers, and customers.

Moreover, we hold a privileged position thanks to our integration of raw materials, which enables us to manufacture and market oleochemicals in their RSPO‑certified sustainable variants while also ensuring product traceability at multiple levels.

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