Sinarmas Group’s Golden Agri-Resources mulls US$500 million investment plan to boost its presence in the oleochemical world, especially fatty acid. Djarum and Wings Group, meanwhile, expand their fatty alcohol business. Fatty acid and alcohols are two of the widely produced derivatives of palm oil used in pharmaceuticals, soap, shampoo, etc. How about Bakrie’s oleochemical assets acquired from the collapsed Domba Mas Group few years ago?
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