2018 was a year marked by renewed purpose and continued progress across the RGE (Royal Golden Eagle) group of companies. In addition to new ventures and opportunities, there was an intensification of efforts in sustainable development across the RGE companies.
Asia Pacific Rayon (APR) was unveiled as the newest business group in RGE, and is poised to support the growth of Indonesia’s textile industry by supply renewable fibre.
APRIL’s flagship PaperOne celebrated its 20th anniversary and was a proud sponsor of the Indonesian national team at the 2018 Asian Games. APRIL also won an award for Best Sustainability the Community at the Sustainable Business Awards in Singapore. Its ecosystem restoration project Restorasi Ekosistem Riau – now into its fifth year – clinched a Special Recognition award for Flagship Initiative.
Apical acquired Kutai Refinery Nusantara in East Kalimantan, adding 1,500 metric tonnes per day of refinery capacity and 1,000 metric tonnes per day of biodiesel production. The company expanded in Pakistan with joint ventures with the Mujahid Group and MM Group of Companies. Along with Asian Agri, it was one of the founding members of SUSTAIN, an alliance to improve palm oil traceability using blockchain technology.
Asian Agri opened its 10th biogas power plant and reached a significant milestone when its smallholder partner the Mulus Rahayu cooperative successfully completed the first harvest of their new oil palms.
Bracell acquired Lwarcel Celulose, adding 250,000 tonnes of specialty cellulose to its capacity. The company continues to support the community in Bahia, and the Private Natural Heritage Lontra was recognised as an outpost for the Atlantic Forest Biosphere Reserve.
Pacific Oil & Gas (PO&G) signed a memorandum of understanding with KunLun Energy to meet China’s growing demand for clean natural gas. Its subsidiary Woodfibre LNG signed an agreement with CNOOC Gas and Power Trading & Marketing Limited for the potential offtake of 750,000 metric tonnes of LNG annually for 13 years starting in 2023. The Squamish Nation Chiefs and Council approved an Impact Benefit Agreement with WoodFibre, which was a key condition of the Squamish Nation’s environmental certificate for the Woodfibre LNG Project.