Bumitama Agri
Bumitama Agri is an Indonesian agriculture company that specializes in palm oil production. Founded in 1996, the company has grown to become one of the leading palm oil producers in Indonesia.
History
Bumitama Agri was established in 1996 by the Harita Group, a diversified conglomerate with interests in mining, smelting, and palm oil production. The company initially focused on the cultivation of oil palm trees and the production of crude palm oil (CPO).
In 2007, Bumitama Agri was listed on the Singapore Exchange, marking a significant milestone in the company's growth. Since then, the company has expanded its operations to include the production of palm kernel and palm kernel oil, as well as the operation of palm oil mills.
Operations
Bumitama Agri operates across several regions in Indonesia, including Kalimantan, Sumatra, and Sulawesi. The company's operations are vertically integrated, encompassing the entire palm oil production process from the cultivation of oil palm trees to the processing and sale of palm oil products.
The company's primary products are crude palm oil and palm kernel. These products are used in a wide range of industries, including the food industry, cosmetics industry, and biofuel industry.
Sustainability
Bumitama Agri is committed to sustainable palm oil production. The company is a member of the Roundtable on Sustainable Palm Oil (RSPO) and adheres to the RSPO's principles and criteria for sustainable palm oil production. These principles include the protection of the environment, respect for human rights, and the promotion of economic viability.
Criticism and Controversy
Despite its commitment to sustainability, Bumitama Agri has faced criticism for its environmental practices. The company has been accused of contributing to deforestation and habitat destruction, particularly in regions of Indonesia that are home to endangered species such as the orangutan.
See Also
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Contributors: Prab R. Tumpati, MD