Boustead Plantations Berhad | Integrated Report 2023

what we do With 42 operational oil palm plantation estates, comprising 16 in Peninsular Malaysia and 26 in Sabah and Sarawak, BPlant is primarily engaged in the upstream portion of the crude palm oil market. Additionally, 10 palm oil mills are managed by BPlant concurrently throughout Malaysia: three in Peninsular Malaysia, five in Sabah and two in Sarawak. Of our 97,500 ha landbank, 74% or 72,200 ha are used for oil palm agriculture. This is made up of 23,400 ha in Peninsular Malaysia, 38,500 ha in Sabah, and 10,300 ha in Sarawak. Our thriving plantation operations over the years have benefitted from the finest oil palm planting materials and sustainable agricultural practices thanks to our research and development (R&D) arm, Applied Agricultural Resources Sdn Bhd (AAR). Additionally, BPlant through its subsidiary Boustead Life Sciences Research Sdn Bhd (BLSR) is gearing into the commercial production of non-oil palm planting material via Plant Tissue Culture technology. This strategic shift aims to contribute to the broader effort in ensuring a stable and secure food supply. PLANTATION PENINSULAR PLANTATION SABAH PLANTATION SARAWAK RESEARCH AND DEVELOPMENT Boustead Plantations Berhad 012

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