Hargy Oil Palms Ltd

Hargy Oil Palms Limited (HOPL)

On 23 July 1976, Hargy Oil Palms Limited (HOPL) was established as a joint venture agricultural business with the Papua New Guinea Government having 50% shareholding interest, whilst SIPEF and Warren Plantations each had 25% share ownership interests. After Warren Plantations sold off its shares to SIPEF in 1984, the National Government later sold all its shares in 2003. Since then HOPL has grown from strength to strength over the years. SIPEF has always had and continues to have full responsibility for the management, operations, processing and international marketing of the company’s palm oil products. (from https://www.sipef.com/sipef-papua-new-guinea/about-hargy-oil-palms-ltd/)

HOPL is the second largest producer of sustainable palm oil in Papua New Guinea, with a total planted area of 13 550 hectares of land located within New Britain Island alone in its 40 years of existence as of September 2019.