Key Takeaways:
- Strategic Partnership: Golden Agri-Resources (GAR), a leading global agribusiness, has formed a strategic partnership with Verborg Group, a newcomer in the vegetable oil industry.
- Exclusive Supply Agreement: Under this partnership, GAR will be the exclusive supplier of over a million tons of tropical oils to Verborg Group.
- New Refinery Operations: Verborg Group has inaugurated a state-of-the-art vegetable oil refinery in Farmsum, The Netherlands, set to start operations in late January 2024.
- Product and Supply Chain Excellence: The collaboration leverages GAR’s supply chain management and sustainable sourcing strengths, providing high-quality, responsibly sourced tropical oils to European markets.
- Sustainable and Quality Focus: Both companies emphasize sustainability and quality in their products, aiming to meet the evolving needs and regulations of the European market.
Golden Agri-Resources (GAR), a prominent player in the global agribusiness and palm oil production sector, has announced a significant partnership with Verborg Group. This collaboration marks a critical step for both companies in the vegetable oil market, especially considering Verborg Group’s new entrant status in this sector.
Under this agreement, GAR will supply three primary products to Verborg Group: Crude Palm Oil (CPO), Crude Palm Kernel Oil (CPKO), and Coconut Oil. This deal is a testament to GAR’s capability in maintaining a robust and efficient supply chain, ensuring a steady flow of high-quality products.
Verborg Group’s New Refinery
The Verborg Group has recently inaugurated a state-of-the-art vegetable oil refinery in Farmsum, The Netherlands. This facility, scheduled to begin operations in late January 2024, represents the Group’s commitment to innovation and excellence in the oil and fat industry.
GAR’s Strategic European Business Approach
This partnership aligns with GAR’s strategy to establish long-term relationships and provide a reliable supply of high-quality, responsibly sourced tropical oils in Europe. Maarten van der Hoeven, Head of Europe & Latin America at GAR, emphasized the company’s dedication to building a solid supply chain in Europe and their excitement in partnering with Verborg to deliver high-quality refined oil across Europe.
Verborg Group’s Perspective
Goedhart Borgesius, Director at Verborg Group, expressed enthusiasm about the journey with GAR. Leveraging GAR’s integrated supply chain and sustainability leadership within the palm oil sector will enhance Verborg’s capabilities in delivering sustainable and high-quality vegetable oil products and services to European customers.
About Golden Agri-Resources
GAR, a leading fully integrated agribusiness company, is known for its efficient end-to-end supply chain, responsible production, and global delivery capabilities. It manages vast plantations and refining facilities, producing high-quality goods for diverse markets and reaching customers in over 100 countries.
About Verborg Group
Verborg Group is a family-owned entrepreneurial business specializing in advanced vegetable oils and fats production and refining. The company’s newly commissioned refinery in Delfzijl, the Netherlands, highlights its dedication to operational excellence and long-term vision.
This strategic partnership between Golden Agri-Resources and Verborg Group represents a significant milestone in the vegetable oil industry. It reinforces GAR’s position as a global leader in palm oil production and marks Verborg Group’s ambitious entry into this sector. The emphasis on sustainability, quality, and supply chain excellence sets a promising direction for both companies in meeting the evolving demands of the European market.
Photo by Nazarizal Mohammad on Unsplash