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Cargill invests $35 million in Krishnapatnam Port oil refinery

By Rahul Kamat,

Added 07 December 2021

The facility is expected to be fully operational by May 2022

cargill-india

To better serve its oil customers in the country, Cargill has acquired an edible oil refinery located in Nellore, Andhra Pradesh. Cargill’s USD 35 million investment to acquire and upgrade the facility will significantly expand its edible oil production capacity and footprint in southern India. The facility is expected to be fully operational by May 2022.

Piyush Patnaik, Managing Director of Cargill said, "The newly acquired refinery gives Cargill the capability to supply refined palm oil, palm olein, vanaspati (hydrogenated vegetable oil) and sunflower oil, which accounts for nearly two-thirds of the country’s sunflower oil consumption and is currently being underserved."

This facility also allows Cargill to produce and package its edible oil brands for retailers and to better serve bakery and foodservice customers in the region. The refinery expands Cargill’s offerings into Andhra Pradesh, Telangana, Karnataka and Tamil Nadu.

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