PALMOILMAGAZINE, JAKARTA – PT Jhonlin Agro Raya Tbk (JARR) is a company specializing in the palm oil industry, established in 2014 and actively managing palm oil plantations since 2019.
In 2023, JARR entered into a joint venture with its affiliate, PT Jhonlin Agro Lestari (JAL). This collaboration not only increased JARR’s assets but also streamlined bureaucracy and reduced control costs through a more efficient process. The plantation productivity received a boost as well, benefiting from the maturity and higher yield of the plantations under JAL.
Irena Cyntia, Corporate Secretary of JARR, emphasized that the company’s primary focus is the conversion of palm oil fresh fruit bunches into fatty acid methyl ester (FAME), a crucial component for biodiesel production. The decision to be listed on the Indonesia Stock Exchange (BEI) is driven by the goal of developing new business avenues, enhancing the company’s image, and upholding corporate governance standards.
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After merger, area business rights of JARR gets more to be 27 thousand hectares and the plan to plant would be about 22 thousand hectares. JARR focuses to process FAME with the main market (biodiesel) for PT Pertamina Patra Niaga, PT Exxon Mobil Lubricant Indonesia, and PT AKRA Korporindo Tbk.
“The main markets of JARR would be about to fulfill the needs for the government’s program, which is, biodiesel 100 percent (B100) for PT Pertamina Patra Niaga,” Irena Cyntia said, as quoted from kontan.co.id.
Prior in 2019, the company started constructing refinery mill and biodiesel mill to process FFB to be biodiesel within 1.500 ton per day – capacity or 450.000 tons per year.
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In 2021, JARR accomplished palm cooking oil mill construction within 250 ton per day – capacity. On 4 August 2022, the company joined BEI with Rp 300 per stock – offer. It successfully got fund about Rp 366,8 billion after releasing 15,29% stocks to the public.
With this strategy, JARR is committed to keep contributing and developing biodiesel industries and would be the key actor heading to the future renewable energy from palm oil (sector). (T2)
