IOI Group
https://www.ioigroup.com/About
IOI is one of Malaysia's largest conglomerates. It operates oil palm plantations, facilities for manufacturing specialty fats and oleochemicals, and property investment and development. The company was incorporated in 1969 under Industrial Oxygen Incorporated (IOI) Sdn Bhd, and entered the plantation sector in 1983 through the acquisition of three estates in Pahang, Malaysia. Despite being a co-founder of the RSPO, IOI has faced significant criticism from NGOs such as Greenpeace, Friends of the Earth and Aidenvironment over failures to abide by its own sustainability commitments. These include illegal deforestation, land conflict and fires within company concessions.
RSPO Member : Yes
Market cap
5,678
Million USDLandbank
206,542
hectares, all in Malaysia (Johor, Malacca, Negeri Sembilan, Pahang, Sabah, Sarawak)Supply chain position
Upstream - Midstream
Grower. Processor of crude palm oil and palm kernel oil. Refiner & Trader. Oleochemical producer.Refineries / capacity
2
1,800,000 MT / yrNDPE Policy
Yes
No deforestation, No peat, No exploitationMarket served
International, Malaysian
Parent Company
n/a
Subsidiaries
IOI Oleochemicals, Unico-Desa Plantations Bhd., Perusahaan Mekassar (M) Sdn. Bhd., IOI Pelita Plantation Sdn Bhd., Morisem Palm Oil Mill Sdn Bhd., Dynamic Plantations Berhad, Palmco Plantations (Sabah) Sdn Bhd., Pt Bumi Sawit Sejahtera., Lipid Nutrition Trading (beijing) Co. Ltd., Permodalan Plantations Sdn Bhd.
Products
Crude palm oil and kernel oil, refined palm oil and palm kernel oil, kernel cake, palm fatty acid distillate (PFAD), specialty fats and oils including oleochemicals
Resources
Malaysian palm oil giant IOI suspended from RSPO
March 25, 2016Malaysian palm giant IOI to conduct audit after report alleging labour abuse
July 2, 2021IOI, Orang Asal in Sarawak settle decades-long land dispute
June 2, 2022Continue reading
