First Resources Ltd. (FTROF)

Overview

First Resources Limited is an influential investment holding company with a sharp focus on palm oil production, incorporating a broad spectrum of activities across various regions including Singapore, Indonesia, Europe, China, and other international markets. The company prides itself on its dual-segment operation, namely Plantations and Palm Oil Mills, and Refinery and Processing. Through its extensive operations, First Resources Limited is engaged in the meticulous cultivation and maintenance of oil palm plantations, along with the harvesting and milling of fresh fruit bunches into crude palm oil (CPO) and palm kernel (PK) products. Despite its core focus on palm oil production, the company diversifies its interests by involving in activities such as aircraft owning and managing, rubber plantation operations, as well as the marketing and distribution of palm oil products. Founded in 1992 and headquartered in Singapore, First Resources Limited operates as a subsidiary of Eight Capital Inc., highlighting its established presence and strategic operations in the palm oil industry.

Products and Services

• Biodiesel - Biodiesel is a sustainable and renewable biofuel produced from the company's processed crude palm oil and palm kernel products. It serves as an eco-friendly alternative to traditional fossil fuels, utilized in various industrial and transportation sectors to reduce carbon footprint and greenhouse gas emissions.

• Palm Kernel Oil and Palm Kernel Expeller - Derived from the kernel of the fruit, palm kernel oil is extensively used in the food industry, particularly in the manufacturing of confectionery, margarine, and bakery products. The palm kernel expeller, a byproduct of oil extraction, is utilized as a high-fiber ingredient in animal feed.

• Refined, Bleached, and Deodorized (RBD) Palm Olein and RBD Stearin - RBD palm olein is a liquid fraction obtained from the fractionation of palm oil after crystallization at controlled temperatures. It is predominantly used as cooking oil and in food products. RBD stearin, on the other hand, is the solid fraction and is used in margarine, shortenings, and in non-food applications such as soaps and detergents.

• Palm Fatty Acid Distillate - A byproduct of the refining process, palm fatty acid distillate is used in many industries, from the production of soaps and animal feed to the manufacture of biodiesel and as a feedstock for oleochemical processes.

Additionally, First Resources Limited engages in activities beyond its array of products. The company takes active roles in the owning and managing of aircraft, operation of rubber plantations, and the marketing and distribution of palm oil products on a global scale, showcasing its versatility and comprehensive approach to the agribusiness sector.