Equatorial Palm Oil confirms first export shipment from Buchanan

18th Sep 2019 14:54

(Sharecast News) - Liberia-focussed palm oil development and production company Equatorial Palm Oil confirmed the first export shipment of crude palm oil from the port of Buchanan on Wednesday.
The AIM-traded firm had announced on 20 August that one of the customers of its operating subsidiary, Libinc Oil Palm, at Palm Bay estate, had confirmed the purchase of 2,700 megatonnes of crude palm oil, which was to be collected by parcel tanker ship from the port of Buchanan.

It confirmed on Wednesday that the shipment had now taken place, and that the crude palm oil was shipped to Doula in Cameroon.

"All shipments to customers going forward are expected to be made by parcel tanker ship from the port of Buchanan, which, utilising the company's 3,000 megatonne storage tank export facility, allows customers to purchase the company's oil palm products in bulk for export," the board of Equatorial Palm Oil explained in its statement.