Palm Downstream safeguards the upstream operations by providing a guaranteed uptake of CPO for palm-based downstream activities which include oleochemicals, biodiesel, oils, fats and Fast Moving Consumer Goods (FMCG).
Leveraging on secured pipeline of CPO feedstock, we are able to advance and expand the potential of palm oil by producing innovative and wider profit margin products such as specialty fats and other palm-based derivatives. These have paved our way into new market segments in the high growth sectors of Aviation, Oil & Gas, Cosmetics and Food Application.
Since its establishment, the Palm Downstream has achieved multiple milestones, and the momentum continues.
Today, it is a market leader in the biodiesel industry with a biodiesel refinery in Malaysia that produces certified Palm Methyl Ester for local and international markets such as Europe, United States and China.
Its Saji-branded cooking oil has successfully penetrated the cooking oil market in Myanmar, Philippines, Laos, Cambodia, Vietnam and Afghanistan. The specialty fats and FMCG product line continues to grow with the introduction of a variety of consumer products including instant noodles, mayonnaise, creamer, vanaspati and peanut butter.
Via strategic investment in existing homegrown Felda Procter & Gamble (FPG), a joint venture Procter & Gamble in Malaysia, FGV is optimising an increasingly viable oleochemical business.
Palm Downstream strives to attain leading position globally in industrial fats and regional heavyweight status in palm-based consumer goods. We are also pursuing a significant market share in the biodiesel and renewable energy market globally.
Our portfolio of consumer goods continues to grow: by both adding to our already-popular products in FMCG, as well as entering into new arenas. Our staple products, Saji, Tiga Udang cooking oils and Seri Pelangi margarine, are now complemented by new brands such as Sunbear peanut butter, Adela margarine spread and Sajimee instant noodles.
Moving forward, our downstream business also aims to capture higher margins and high-growth products in the specialty ingredients segment and optimise our oleochemical position and existing partnership with Procter & Gamble (P&G) in Malaysia.
* The list of subsidiaries is not comprehensive. Further details on the equity shareholdings of FGV in its subsidiaries can be referred to in the Financial Statements
# Joint ventures or Associated company