Set up a palm plantation and processing plant; and the production of crude oil.
The Zampalm project was launched in 2009 and currently has some 409,506 palms planted over an area of 2,873 hectares in the main plantation, with another 39,000 seedlings in the main and pre-nursery.
In 2015 Zampalm commissioned its first US$1 million crushing mill plant with a crushing capacity of two to three tonnes of fresh palm fruit per hour, producing a yield of around 18 per cent of crude palm oil. At current prices and at an average production of 3 to 3.5 tonnes per hectare Zampalm could generate more than US$170 million in revenue over the next decade.
Zampalm plans to further work with small-scale farmers in the area to set up an outgrower scheme to feed palm fruit into the Zampalm mill. This will allow local farmers in the area to participate and contribute towards edible oil production in the country.
Palm oil is the world’s most used and versatile vegetable oil. In addition to cooking oil, its derivatives are found in foods such as margarines and ice cream and is also used as a thickener, preservative and antioxidant; in personal care products such as shampoo, and cosmetics; industrial products such as lubricants paints and inks; and as a renewable fuel. The palm plant is the most efficient oil producing plant and can be harvested for 25 years and as long as the tree continues to yield a harvest.