IVORY COAST ? Royal Nuts, a commodity trading & manufacturing company with headquarters in Singapore, has cut ribbon to US$23m cashew nut processing plant in Ivory Coast under its subsidiary Dorado Ivory.
How many nuts are processed in Ivory Coast in 2020?
Though the share of nuts being processed locally has increased in the last few years, in 2020 it stood at only 12%, significantly lower than countries like Mozambique and Ghana. Ivory Coast is aiming for an installed processing capacity of 413,000 tons of nuts by 2022 against 330,000 tons a year early.
How much cashew processing capacity will Ivory Coast have by 2022?
Ivory Coast is aiming for an installed processing capacity of 413,000 tons of nuts by 2022 against 330,000 tons a year early. This will be made possible as players such as Valency International Trading SARL (Valency CIV), recently received US$20m from Norfund and Finnfund to build an integrated local cashew processing hub in the country.
How much oil & gas does Ivory Coast produce?
Hydrocarbon reserves in Ivory Coast are estimated at 154 mbl for oil and 18 bcm for gas (2021). The country produced 29,000 bbl/d of oil and 2.4 bcm of gas in 2020.