New Britain Palm Oil in $100 million flotation on London Stock Exchange as oil palm cultivation expands

New Britain Palm Oil will be listed on the London Stock Exchange in a US$100 million flotation. The owner of New Britain Palm Oil, Kulim, said that between New Britain and Guadalcanal Plains Palm Oil it has more than 30,000 hectares of mature oil palm trees. It also said that its biodiesel plant in Tanjung Langsat in Johor, would be ready for testing by the end of 2007.

In Papua New Guinea, islanders on Woodlark Island are protesting a plan by Vitroplant to clear 70 percent of the island, or 60,000 hectares, to an oil palm plantation.

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