Agriculture
ECOIL GROUP
ECOil Group’s main business categories can be divided into three main sectors:
- Farming operations, ECOil Agriculture/ ECOil Group Company Limited
- Ecological energy projects, ECOil Energy Company Limited
(For more information about ECOil Energy Company Limited, please click here) - Farming development and research of ecological energy creation, ECOil Group R&D
ECOIL GROUP COMPANY LIMITED
ECOil Group Company Limited, founded in 2006, is a private company focusing on Oil Palm and Rubber plantations in Thailand.
ECOil Group has actively expanded its ownership of land and currently holds approx. 1500 Rais/ 250 hectares of farming land near the cities of Ranong and Chumpon, in Southern parts of Thailand.
The goal for the company is to increase its land ownership to at least 20 000 Rais/ 3 200 hectares within the next ten years.
The ownership of ECOil Group is divided between Ikaros Group and private investors from Scandinavia.
The company has Thai-Finnish Management, and is operating mainly from the cities of Bangkok, Phuket and Trang.
COMPANY STATEMENT
Ikaros Group Corporation and ECOil Group Company Limited are carrying a great concern about all issues regarding the environment as well as for local residents residing near our operational farming areas.
We want to present our strongest statement against all misuse of nature; burning of rain forests and turning them into farming areas as well as all mistreatment of local residents or farming staff.
ECOil Group is strongly focusing on the well being of its staff and the treatment of natural resources.
We believe that by focusing on these important areas it will be possible to create a long term relationship with the local people and with the environment in general.
Ikaros Group Corporation and ECOil Group Company Limited are always acting in accordance to the high level of internationally approved standards.
Ikaros Group and the agricultural companies owned by it are applying for the RSPO (Round Table of Sustainable Palm Oil) and EU Palm Oil Quality certification for every area of their operations.
BIO FUELS, INTERNATIONALLY CURRENT TOPIC
Due to the growing interest towards the environment and the use of Bio fuels, the farming of oil palms has expanded rapidly during the last years.
Because of its effectiveness in several areas, Palm oil is widely seen as an important recourse when developing more environmental friendly options for current and future energy creation initiatives.
For example, The European Union which is at the moment the biggest purchaser of Palm oil has set a goal for all the member countries to increase the total use of Bio fuels significantly in the near future. Still, only a small percentage of all imported Palm oil is used in vehicles.
In year 2007, 97% of all the Palm oil imported into European Union was used in cosmetics-, food- and energy industry and only 3% in vehicles. (European Biodiesel Board).
The amount of imported palm oil into Europe has more than doubled during the last ten years and in the year 2007, a total of 38 million tons of palm oil was imported into European countries. The total amount has from that point grown substantially during 2008.
Regarding these goals and directives of The European Union there are also several major tax advantages that are already set for Bio fuels and the bio fuel industry to support the companies to expand their capacities in Europe.
PALM OIL IN THAILAND
The Royal Thai government has started campaigns to support producers of Palm oil to expand their production. This is done by releasing funds for the farmers and Refineries as an added extra income on top of the market price of Crude Palm oil.
Thai government has officially announced that their goal for the next years is to achieve a situation where the whole traffic of Thailand’s capital, Bangkok, would be moving with Bio fuels.
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