Headquartered in Singapore, Wilmar International Limited is one of Asia’s largest palm oil refiners and crushers of copra and palm kernel. It currently employs over 20,000 employees in its integrated operations. These operations are strategically located in Indonesia and Malaysia, the major edible oil producing countries in Asia. Wilmar International Limited has established an integrated agribusiness model that captures the entire value chain of the palm oil business, from origination to the end customer (from the cultivation and sourcing of palm fruits and crude palm oil to the milling, crushing, refining and processing of a wide range of palm oil and laurics, to the merchandising, transportation and distribution of these products). It owns and operates crushing, refining, processing and packing plants in Indonesia and Malaysia. In addition, Wilmar International Limited owns and operates its own jetties and ports as well as a fleet of bulk vessels, allowing it to maximize operational efficiencies in logistics and the transportation of its products. These products are supplied to customers in more than 30 countries globally, including China, India, Indonesia, countries in the North and South Americas, Europe, Asia, Africa and the Middle East.

IFC would provide a partial guarantee for an exposure not exceeding $50 million for a four-year annually renewable pre-shipment facility of up to $80 million to be extended by a commercial bank to the company.

50.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee	50.0
Loan
Equity

* These investment figures are indicative

Wilmar Trading is located in Singapore, and Wilmar International Limited major palm oil refineries and plantations are located respectively in Dumai, Palembang, Kuala Tanjung, Bitung and Sumatra of Indonesia.

The project is intended to provide working capital for the company to continue to purchase palm oil from Indonesian plantations. This will facilitate the exports of Indonesian palm oil and have a positive effect on other players along the supply chain, such as farmers who will benefit from increased local demand from Wilmar International’s refineries and therefore better access to international markets, as well as local businesses involved in services.

Wilmar International Limited is a key contributor to the economy of the palm oil sector in Indonesia. The project will ensure the continuous operation of the CPO supply chain and the preservation of all economic interests and employment associated with that chain such as plantation, transportation, storage, processing and shipping.

It is anticipated that this project will have minimal or no direct, adverse social or environmental impacts. This investment provides continuing support for a company which is committed to high standards of sustainability and corporate social responsibility throughout its palm oil supply chains. IFC has recently reviewed Wilmar International''s Indonesian operations. Wilmar’s Indonesian plantation operations and crude palm oil (CPO) mills that were evaluated as part of IFC review appear to be managed appropriately and are in line with good international practice. Wilmar International’s CPO mills are generally well maintained and operated. Air and water emissions meet local and national requirements, but in some cases are higher than IFC guidelines. Overall, social and occupational health and safety performance meets applicable IFC guidelines, and follows the approach of the Roundtable on Sustainable Palm Oil (RSPO) Principles and Criteria. Corporate labor policies and practices follow, and in many areas exceed, national legal requirements. Corporate relations with the community, government, plasma cooperatives, and other stakeholders are strong.