Golden Veroleum Liberia has received a consignment of mill materials for the construction of a modern palm oil plant in Liberia. Valued at US$30 million, the 24 months plant project will see fresh fruit bunches processed into finished products.
According to a press release issued in Monrovia, the mini mill will process 5 tons of palmper hour, and at full capacity, its main mill will eventually process 80 tons per hour.
With a bulking station at Greenville port in Sinoe County, GVL spokesman Stephen Binda said the arrival of the equipment presents a new dawn for the palm oil industry in Liberia.
“This is a manifestation of our commitment towards ending rural poverty and boosting investment, employment and development opportunities in Liberia’s South East. We are confident of employing more Liberians in the future” the release said.
GVL says the first shipment consists of 90 percent of mini mill equipment and 10 percent of main mill equipment which will process fresh fruit bunches into Crude Palm Oil. The company says its first priority is to supply the local market in Liberia.
The Deputy Minister for Development and Research at the Ministry of Agriculture, Thomas Gbokie and Sinoe County Superintendent Romeo Quioh, who attended the arrival ceremony, praised GVL management and described the company’s move as remarkable contribution towards Liberia’s growth.
Commencing operation here in 2010, GVL has employed nearly 4,000 Liberians in Sinoe and Grand Kru Counties. With over 64 Liberians occupying managerial posts, it anticipates employing approximately 35,000 Liberians over the course of its operation in Liberia.-Press Release