Golden Agri-Resources announced a strategic partnership with Verborg Group. The collaboration entails a multi-year contract, where GAR will be the exclusive supplier of over a million tons of tropical oils to Verborg Group. Verborg Group, an entrepreneurial family business managed by professionals with over thirty years of experience in the oil and fat industry, has recently inaugurated a vegetable oil refinery in the Netherlands.

The refinery is scheduled to commence operations in late January 2024. Under this agreement, GAR will supply three main inputs - Crude Palm Oil (CPO), Crude Palm Kernel Oil (CPKO), and Coconut Oil. This collaboration aligns with GAR's European business strategy to build long-term relationships and a reliable supply of high-quality responsible sourced tropical oils in the face of evolving regulations to its customers and partners in Europe.