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RELEASE: Golden Agri-Resources and Verborg Group forge a strategic alliance for the supply of tropical oils

(Information sent by the signatory company).

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RELEASE: Golden Agri-Resources and Verborg Group forge a strategic alliance for the supply of tropical oils

(Information sent by the signatory company)

UTRECHT, Netherlands, January 24, 2024/PRNewswire/ -- Golden Agri-Resources (GAR), a leading global agri-food company and palm oil producer, is pleased to announce a strategic partnership with Verborg Group, a new participant in the vegetable oil market. The collaboration involves a multi-year contract, in which GAR will be the exclusive supplier of more than one million tons of tropical oils to the Verborg Group.

Verborg Group, a family business run by professionals with over thirty years of experience in the oil and fat industry, has recently opened a state-of-the-art vegetable oil refinery in the Netherlands. The refinery is scheduled to begin operations by the end of January 2024. Under this agreement, GAR will supply three products: crude palm oil (CPO), crude palm kernel oil (CPKO) and coconut oil.

This collaboration aligns with GAR's European business strategy of building long-term relationships and creating a reliable supply of high-quality, responsibly sourced tropical oils aligned with evolving regulations for its customers and partners in Europe.

Maarten van der Hoeven, Director of Europe and Latin America at GAR, highlighted: "The partnership with Verborg is a validation of our commitment over the last few years to building a strong supply chain in Europe. Our distribution, logistics support and world-class adaptability level, ensures that we can effectively meet customers' needs over the long term, whether in quality, value-added services or supply chain solutions. We are very excited to partner with Verborg to help them bring high-quality refined oil to their customers throughout Europe.

Goedhart Borgesius, Director of Verborg Group, explained: "We are very excited to embark on our journey with Golden Agri-Resources. Leveraging GAR's supply chain integration and sustainability leadership within the palm oil sector will strengthen our capabilities. , knowledge and product offering to provide high quality sustainable vegetable oil products and services for our European customers. We look forward to working together with GAR on sustainable product solutions for our customers and future generations."

About Golden Agri-Resources

GAR is a leading, fully integrated agri-food company that provides an efficient end-to-end supply chain, from responsible production to global delivery. As a global leader in palm oil production, GAR manages more than half a million hectares of plantations, including smallholder properties, in Indonesia. Its refining and specialized product facilities manufacture high-quality products for the global food, oleochemical, animal feed and bioenergy markets.

GAR products reach a diversified portfolio of customers in more than 100 countries thanks to its global distribution and logistics network that encompasses logistics service facilities, maritime transportation and storage. Outside of Southeast Asia, GAR has entities in the Netherlands, Spain, Colombia, Mexico, Brazil and the United States.

Acerca de Verborg Group

Verborg Group is a family-owned company based in the Netherlands, recognized for its specialization in the production and refining of advanced vegetable oils and fats. Demonstrating a strong commitment to a long-term vision and ambitious goals, the company has recently commissioned a state-of-the-art vegetable oil refinery in Delfzijl, the Netherlands. The strategic location of this facility, equipped with a terminal and a storage capacity of 60,000 cubic meters, underscores the company's dedication to operational excellence.

For more information about GAR, please contact:Wulan Sulingwulan.suling@sinarmas-agri.com | https://www.goldenagri.com.sg/

For more information about Verborg, please contact: ilona.blom@verborggroup.com | www.verborggroup.com

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