First Resources EB5

Background

The Company was incorporated in Singapore on 9 December 2004.
First Resources Limited is one of the largest private sector producers of crude
palm oil in Indonesia. Its primary business activities are cultivating oil
palms, harvesting the fresh fruit bunches from those trees and processing crude
palm oil and palm kernel which it sells in Indonesia and internationally. All
of the Group's operations and assets, consisting primarily of 13 oil palm
plantations and six palm oil mills, are located in Riau province, Sumatra,
Indonesia.
The Group’s business areas are:
i) Cultivation
The Group purchases most of its seed requirements from Dami Oil Palm Research
Station (“DOPR”), a seed producer in Papua New Guinea. It operates an
efficient best-practice fertilization system of its trees, using inorganic
fertilizers as well as re-using by-products from our mills as fertilizer
substitutes.
ii) Harvesting
The Group harvests the fresh fruit bunches of the oil palm trees only when an
appropriate quantity of fruit become detached from the fresh fruit bunches,
indicating peak ripeness. The ripeness of fresh fruit bunches harvested is
critical in maximizing the quality and quantity of palm oil extraction.
iii) Crude palm oil and palm kernel processing
The Group’s primarily produces crude palm oil and palm kernel at its 6 palm oil
mills located adjacent to its plantations, allowing us to both reduce our
transport costs and maintain the quality of our crude palm oil. It has an
aggregate processing capacity of 345 tons of fresh fruit bunches per hour or
approximately 2.07 million tons of fresh fruit bunches per year.
The Group’s oil palm plantations has grown significantly since its started the
operations in 1992. As of 30 June 2007, the Group has 80,526 hectares under
cultivation and 72.2 percent of its cultivated land comprised mature oil palm
trees. As of 31 July 31 2007, its owned a total landbank of 184,280 hectares.

SGX source · Source update: 04/21/2026 08:45:29 AM (timezone not specified). Source text may be historical.