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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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 Biomass Asia Conference 2013 [20-22 May 2013, Kuala Lumpur]

Biomass Asia Conference 2013 will be held on 20-22 May 2013 at Sunway Putra Hotel, Kuala Lumpur

 Operational & Commercial Aspects of Palm Oil Trade [27-28 May 2013, Grand Dorsett Subang Hotel]

Operational & Commercial Aspects of Palm Oil Trade, organised by PORAM, will be held on 27-28 May 2013 at Grand Dorsett Subang Hotel, Selangor

 PALMEX Malaysia 2013, Sabah [11-12 June 2013, Tawau]

The Palmex International Exhibition and Conference 2013 will be held from 11th - 12th June 2013 at Promenade Hotel, Tawau, Sabah

 PIPOC 2013 [19-21 November 2013]

PIPOC 2013 will be held form 19-21 November 2013 at Kuala Lumpur Convention Centre, Kuala Lumpur, Malaysia

Industry Highlights

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 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).

© 2013 POIC Sabah Sdn. Bhd.