Indonesian Palm Oil News (IPO News) – The performance of DSNG in the last four years (2021–2024) had increased rapidly. Total assets owned by the company increased consistently. In 2021 its the assets were Rp 13.71 trillion and in 2022 the figure had approached Rp 15 trillion. The high increase in assets was due to various expansions, including intensive acquisitions. In 2018, DSNG acquired two oil palm plantation companies worth Rp 2.1 trillion, namely PT Bima Palma Nugraha (BPN) worth Rp 1.4 trillion and PT Bima Agri Sawit (BAS) worth Rp 700 billion.

Based on the investigation of IPO NEWS that both acquired companies own oil palm plantations in Tepian Langsat Village, Bengalon, East Kutai, Central Kalimantan and these areas are near the oil palm plantations owned by DSNG. The area of oil palm owned by PT BPN reaches 27,000 hectares with planted plantation areas of 14,000 hectares while PT BAS has oil palm plantation areas of 6,476 hectares. Both oil palm plantations have already been in production with relatively young planting age. Thus, they add CPO production of DSNG reaching around 14%.

The highly increasing assets of DSNG are in line with its revenue which has also kept on increasing in the last four years. From 2021 to 2024, DSNG’s revenue and profit continued to increase, except for the COVID-19 that its profits fell sharply. In 2021 DSNG successfully recorded revenue of Rp 7.12 trillion with a profit of Rp 727.15 billion, in 2022 with an income of Rp 9.63 trillion in profit Rp 1.21 trillion and by 2024 DSNG had successfully recorded revenue of Rp 10.12 trillion with a profit of Rp 1.14 trillion.

BUILT 2W OIL PALM PLANTS AND DEVELOPED BIO-CNG

DSNG’s performance in 2021 would be further enhanced by constructing two new Palm Oil Plants (PKS) by using expenditure fund of Rp 1 trillion. The two plants are located in Muara Wahau, East Kutai, East Kalimantan with a capacity of 60 tons of FFB per hour and the other is located in Nangabulik, Central Kalimantan with a capacity of 45 tons of FFB per hour. When these two factories are completed, the plants’ capacity will increase to 675 tons of FFB per hour.

Besides constructing two new plants, DSNG is starting the construction of a Bio-CNG plant located in East Kalima tan with a target completion in 2022. The Bio-CNG plant will process palm oil liquid waste into renewable energy which generates electricity. This is the second built plant because previously DSNG had constructed the first Bio-CNG plant in Muara Wahau, East Kalimantan. This plant can produce 1,200 kWh of electricity and 280 M3 of biomethane gas per hour. The investment for building this new plant is US$ 6.5 million. Currently DSNG is upgrading the energy map through the Bio-CNG plant.

COOPERATION WITH eREX SINGAPORE

To keep on increasing its revenue, DSNG through its subsidiary PT Dharma Sumber Energi (DSE) is in cooperation with eREX Singapore to export palm kernel shells to Japan. eREX needs this palm kernel shells as raw material for its power plant. DSE will supply oil palm shells to Japan for 15 years with a volume of 70 thousand tons per year. The plant which produces palm oil shells is located in Muara Wahau, East Kalimantan. This collaboration was signed directly by the President Director of DSE Mr. Efendi Sulisetyo and Managing Director of eREX Pte Ltd Mr. Shuji Yoda.

Based on a research conducted by IPO NEWS lately that Japan is the largest export destination country for oil palm shells from Indonesia, following Thailand, Singapore and Malaysia. Until June 2021, Japan had imported oil palm shells of 625.5 thousand tons valued US$ 59.33 million, followed by Thailand of 32.81 thousand tons valued US$ 3.1 million. From Japan, there are 15 companies routinely importing oil palm shells including Hanwa Co Ltd, eREX Co Ltd, Sumitomo Forestry Co Ltd, JFE Shoji Trade Corpora-tion, Itochu Corporation, Toyota Tsusho Corporation, Iwatani Corporation and others. Whereas, the name of company from Thailand is asked to be secreten.

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