RNS Number : 2452K
New Britain Palm Oil Limited
17 December 2008
17 December 2008
NEW BRITAIN PALM OIL LIMITED
('NBPOL' or 'the Company')
Appointment of Joint Corporate Broker
New Britain Palm Oil Limited (LSE: NBPO), a large scale integrated industrial producer of palm oil in Australasia, announces that it has
appointed, with immediate effect, Liberum Capital as the Company's joint corporate broker, to work alongside Singer Capital Markets
Limited.
Enquiries:
New Britain Palm Oil Limited Tel: +44(0)20 7554 1400
Nick Thompson
Alan Chaytor
David Dann
Gavin Anderson Tel: +44(0)20 7554 1400
Ken Cronin Email: nbpol@gavinanderson.co.uk
Janine Brewis
Anthony Hughes
Website: www.nbpol.com.pg
Notes to editors
NBPOL is a large scale industrial producer of sustainable palm oil in Australasia, with over 44,500 hectares of planted palm oil
plantations, six oil mills, a refinery and a seed production and plant breeding facility. It is quoted on the London Stock Exchange's main
market under the ticker NBPO.L (commencement of dealing on 17 December 2007) and on the Port Moresby Stock Exchange in PNG.
NBPOL is fully vertically integrated, producing its own seed (which it also sells globally) and plants, cultivating and harvesting its
own land and processing and refining palm oil. It also contracts directly with its end customers in the EU and arranges shipping of its
products.
The palm oil market is undergoing a period of rapid change with demand from the developing and urbanising Asian economies and the new
biofuel industry driving a marked increase in demand for vegetable oil products, including palm oil.
NBPOL has some of the world's highest yielding plantations of palm oil and is currently achieving yields per hectare approximately 19
per cent. above the world average due, in the Directors' opinion, to the favourable natural environment in PNG, high quality genetic
material and skilled management.
NBPOL has a high level of control over its entire supply chain, from the control and development of its genetic material, through
planting, harvesting, processing and finally contracting with its end customers.
NBPOL has high regard for the importance of its sustainability credentials and is active in proving its performance through its
certification to ISO 14001 and its close involvement and support of the Roundtable on Sustainable Palm Oil ('RSPO') - the RSPO has over 260
members, of which 12 are non-governmental organisations (including WWF and Oxfam). NBPOL's Head of Research, Dr Simon Lord, is Vice
President of the RSPO. In September 2008, NBPOL announced that its operations in New Britain have been officially certified by the RSPO as
conforming to RSPO Principles and Criteria on sustainability. The RSPO's global sustainability standard defines how sustainable palm oil
should be grown and verified and an assurance mechanism for traceability throughout the entire supply chain. Together, these measures
represent the first ever sustainable commodity standard and, in essence, provide assurances on both the performance of the Company and the
product NBPOL delivers to customers.
With all of its operations RSPO certified, NBPOL is now in a unique position to deliver 100% certified sustainable palm oil into
Europe and, more importantly, will allow it to supply its own UK refinery once this has been completed.
This information is provided by RNS
The company news service from the London Stock Exchange
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