Do you Know About Okitipupa Oil Palm Company

Okitipupa Oil Palm Company Plc produces palm oil and palm kernel from its many hectares of oil palm plantation spread round the okitipupa local government area and beyond. These products can sustain thriving vegetable oil processing companies in the locality. There is presently none. The Local Government can boast of about 7,000 hectares of oil palm and turned into oil palm belt with every family owing a plantation of its own. The Local Government is the highest producer of palm oil and palm kernel in the southwestern part of Nigeria.  http://www.okitipupaoilpalm.com/products.htm

The main products of OKITIPUPA Oil Palm Plc are Crude Palm Oil, Technical Oil, Palm Kernel, Sterin [pharmaceutical], Palm wine, Broom, Seedlings, Ashes, Brown Soap, Nursery Practices, potential for Vegetable Oil, potential for Oil Fat.

Top grade of the oil produced is Special Palm Oil (SPO) constituting more than 80% of OKITIPUPA Oil Palm Plc’s sales volume. Lower grades of Palm Oil include Technical Palm Oil and Sludge.  These are mainly supplied to industrial users to manufacture soaps, margarine, vegetable oils, etc. Also, palm kernel and other lower grades of palm oil attract various customers who use them for household purposes. Since the inception of the company, oil products have been sold in bulk. These products constitute major contribution towards Nigeria’s drive to self-sufficiency in some of its industrial raw material.  Nationally, there is still a gap between the supply and demand for Special Palm Oil.  It is in this regard that OKITIPUPA Oil Palm Plc as part of its medium term strategy plans to develop her Reserve Areas to further boost its production.
The energy saving project, through the conversion of wastes which is produced in abundance, will be included to generate steam and electricity.  This project is expected to automatically increase profits and stimulate steady growth.  The completion of this phase of re engineering will usher in an era of increased profits.  This will pave way for early resumption of dividend declaration and payment.

The processing of palm kernel to crude palm kernel oil and cake shall soon be embarked on. This requires acquisition of palm kernel crushing plant and further investment in bleaching plant and machinery that will convert both crude palm kernel oil and red palm oil to vegetable oil and other byproducts. These byproducts will further be used as raw materials by many manufacturing outfits in the country.

Implementation of the above is aimed to further enhance diversification of OKITIPUPA Oil Palm Plc's revenue earning capabilities. Thereby transforming into higher turnover, increased profit, stable dividend declaration and payment regimes.

http://www.okitipupaoilpalm.com/products.htm