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Biodiesel Plant in S.Korea Should Improve Palm Oil Price

Written on September 7, 2006

The Edge Daily reports that Golden Hope Plantations will partner with H-Plus Bio Ltd of South Korea to open a biodiesel plant in Yeosu, South Korea. The plant will produce 150,000 tonnes of palm oil-based biodiesel. The price of palm oil is expected to improve as the demand from new plants increases.

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