Singaporean company invests castor oil plantation in Cambodia

The government of Cambodia's Pursat province has sign an agreement with a Singaporean company to invest a castor oil plantation there, a government official said on Monday.

Chay Sareth, governor of Pursat province and Peter Cheng, representative of Vander Horst Jatropha oil plantation PTE Ltd. of Singapore, signed the agreement at the provincial hall on Feb. 7, Pich Horn, deputy governor of Pursat province told Xinhua by phone.

The Singaporean company will provide local people with the seeds and technique for planting Jatropha Curcas, a kind of plant which can be refined into castor oil, and they will buy it back in appropriate price, Pich Horn said.

This investment will help local people to get jobs and promote economic development of the country, he said.

Peter Cheng told the governor that his company also plans to build a factory to refine the castor oil in this province for exporting and local use, he added.

Peter Cheng said that his company, which has a big factory in Singapore, has invested to plant the Jatropha Curcas in many Asian countries, such as Indonesia, India, Burma, Laos and Vietnam, Pich Horn said.

Source: Xinhua