Vale to build world’s largest single processing palm oil plant

In Brazil, Vale intends to build the world’s largest single processing plant for palm oil. The project, expected to be completed by 2015, will cost upwards of $500m and will cover an area larger than London in a cleared area in the Amazon rainforest. The project will sell the oil to food producers until the project is at full-capacity, at which point it will be able to convert the oil into fuel. The plant will produce 600,000 tones per year by 2019.

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