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The Sabah State Government set up POIC Lahad Datu in 2005 to spearhead the development of palm oil downstream processing to add value to its 1.4 million hectares of oil palm plantations, to create jobs and business opportunities. Apart from palm oil, POIC Lahad Datu is also set up to attract investments in port & logistics, oil & gas and related small and medium enterprises.

Aside from investments directly linked to palm oil, POIC Lahad Datu also offers business opportunities in a wide range of supporting industries needed for a sector which contributes RM4 billion in state revenue per annum and employs 130,000.

POIC Lahad Datu is incorporated within the Sabah Development Corridor concept which aims to propel the state to developed status by 2025. To-date, 1,600 acres in POIC Lahad Datu have been developed with infrastructure and utilities. The industrial park is planned to cover more than 4,000 acres.

POIC Lahad Datu is envisaged to be not only a catalyst for the development of Sabah, but also the resource-rich BIMP-EAGA (Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area) which supplies the world market with palm oil, cocoa, rubber, timber and minerals, including coal and petroleum.

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POIC News & Events

Conferences & Exhibitions

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 POC2014 [3-5 March 2014, Kuala Lumpur]

POC2014 will be held on 3-5 March 2014 at Shangri-La Hotel, Kuala Lumpur

 World Bio Markets Asia 2014 [17-18 June 2014, Kuala Lumpur]

Wprld Bio Markets Asia 2014 will be held on 17-18 June 2014 at Kuala Lumpur

 11th ISP National Seminar 2014 (NASTEM 2014) [23-25 June 2014, Kuantan]

The 11th ISP National Seminar 2014 will be held on 23-25 June 2014 at Sultan Ahmad Shah International Convention Centre (SASICC) & The Zenith Hotel, Kuantan, Pahang

 Sabah International Business Luncheon Talk [18 September 2014, Kota Kinabalu]

Sabah International Business Luncheon Talk will be held on 18 September 2014 at Sutera Harbour Resort, Kota Kinabalu

 SIE 2014 [18-21 September 2014, Sutera Harbour Resort]]

The Sabah International Expo 2014 (SIE 2014) will be held on 18-21 September 2014 at Sutera Harbour Resort, Kota Kinabalu, Sabah

 Oils and Fats International Congress 2014 (OFIC 2014) [5-6 November 2014, KLCC]

Oils and Fats International Congress 2014 (OFIC 2014) will be held on 5-6 November 2014 at Kuala Lumpur Convention Centre, Malaysia

 PALMEX Malaysia 2014 (21-23 May 2014, Sandakan)

The 5th Palmex Malaysia will be held in Sandakan form 21 - 23 May 2014.

 Palm Industry Labour: Issues, Performance and Sustainability Seminar (PILIPS 2014), [9 June 2014, Kuching, Sarawak]

PILIPS 2014 will be held on 9 June 2014 at Pullman Hotel, Kuching, Sarawak.

Industry Highlights

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 National Biomass Strategy 2020: New Wealth Creation for Malaysia
Source: Agensi Inovasi Malaysia. Version 2.0, 2013

Malaysia currently generates about 12 percent of GNI from the agriculture sector. In the process of creating this value, a significant amount of biomass is generated every year across a variety of crops, including but not limited to palm oil, rubber and rice. Within agriculture, by far the largest contributor to GNI is the palm oil sector, contributing about 8 percent or over RM 80 billion. The palm oil sector correspondingly generates the largest amount of biomass, estimated at 83 million dry tonnes in 2012. This is expected to increase to about 100 million dry tonnes by 2020, primarily driven by increases in yield. This is why the National Biomass Strategy 2020 had thus far focused on oil palm biomass. We are currently in the process of also extending the scope to include all types of biomass from sources such as rubber, wood and rice husk.

 Specialty Oleochemicals from Palm Oil Via Enzymatic Syntheses
Source: Journal of Palm Oil Research. Vol. 25(1), April 2013

Southeast Asian countries have dominated the export trade of palm oil, as Malaysia and Indonesia exported over 35 million tonnes of oil palm in 2010 (MPOB, 2011). The Malaysian palm oil industry has flourished with a favourable growth in export demand due to the limited supply of world oils and fats. The high demand due to depleting world stock levels results in higher prices of oils and fats as well as palm oil products

 The Development of a Residue Oil Recovery System to Increase the Revenue of a Palm Oil Mill
Source: Journal of Palm Oil Research. Vol. 25(1), April 2013

The Malaysian oil palm industry is an export orientated industry which heavily relies on the world market. It has shown stellar performance with record highs in key performance indicators, namely price of palm oil products, crude palm oil (CPO) production, imports, exports volume as well as revenue. Average annual price of palm oil for the year 2011 breached the RM 3000 mark to register at RM 3219, while the export revenue of palm products reached a record high of RM 80.4 billion, an increase of 34.5% against RM 59.8 billion achieved in 2010 (Choo, 2012).

© 2014 POIC Sabah Sdn. Bhd.