How many palm oil mills will Ruifeng Wealth Management and INDUK KUD establish?

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Ruifeng Wealth Management and INDUK KUD Plan to Establish Up to Five Palm Oil Mills and Cooking Oil Refineries

Ruifeng Wealth Management Pte Ltd and INDUK KUD have entered into an agreement to establish a maximum of five palm oil mills and cooking oil refineries. This collaboration aims to bolster the supply chain for Indonesia's National Meal Program. The initiative was formalized through a Memorandum of Agreement signed on November 9, 2024.
Facility Establishment Plan

The agreement outlines the establishment of up to five palm oil mills and cooking oil refineries. Construction is slated to commence in early 2025, with the initial facilities anticipated to be operational by 2026. These plants will be integral to meeting the demand for cooking oil required by the National Meal Program.
Support for the National Meal Program

The National Meal Program is designed to provide nutritious lunches to over 80 million students and pregnant mothers across Indonesia. The partnership between Ruifeng Wealth Management and INDUK KUD is intended to ensure a consistent supply of high-quality cooking oil, a key component for the program's meals.
Sustainable Energy Integration

A key feature of the planned facilities is the integration of solar and renewable energy technologies for their power needs. This commitment to sustainable practices aims to reduce the carbon footprint of the operations and align with Indonesia's broader goals for sustainable development.
Broader Economic and Social Impact

Beyond supporting the National Meal Program, the project is expected to generate positive economic and social impacts. These include boosting farmer incomes, enhancing agricultural infrastructure, creating job opportunities, and empowering smallholder farmers within the INDUK KUD cooperative network.

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How many palm oil mills will Ruifeng Wealth Management and INDUK KUD establish?

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