PALM KERNEL OIL PRODUCTION BUSINESS PLAN IN NIGERIA
Palm Kernel Oil Production
This sample Palm Kernel Oil Production Business Plan In Nigeria can be used for Grant Applications, Bank Loans, Proposal writing, Business Concept Note, Competitions etc. Palm Kernel Oil Production Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation.
Business Description of Palm Kernel Oil Production
Business: PALM KERNEL OIL PRODUCTION
Industry: Agro-Processing (PALM KERNEL OIL PRODUCTION BUSINESS PLAN IN NIGERIA)
PALM KERNEL OIL PRODUCTION BUSINESS PLAN IN NIGERIA
Palm Kernel Oil (PKO) is the major raw material for the production of vegetable oil. 90% of what we call groundnut oil in our market is a vegetable oil made of palm kernel Oil (PKO), also PKO is a major product in various production, such as soap making, mayonnaise. margarines, butter, polish, animal feed and so on.
Patilad Palm Kernel oil is an existing firm that deals with the Production, processing and distribution of quality and affordable Palm Kernel Oil, Cracked Kernel Shell, Sludge and other PKO derivatives.
About 75% of consumable vegetable oil in Nigeria and other West African Countries are refined from Palm Kernel Oil, making it a necessity for production of vegetable oil. It is estimated that for every Nigerian household of five, about two litres of palm oil are consumed weekly for cooking. However, palm oil is an essential multipurpose raw material for both food and non-food industries.
Therefore, there is a high demand for more establishment of PKO production firms in the country, this is why Patilad Palm Kernel Oil is in the industry to contribute our quota to the economy.
Our target market is; local and international market, retailers, wholesalers, households and supermarkets. We know that the reason we are in business is because of our customer, so therefore we prioritise our customers and we offer them top notch service.
Other customers include pharmaceutical companies, diary companies including makers of palm based cheese, ice cream, filled milk, etc. Palm oil is also a major ingredient in tin plating, lubricants and biodiesel.
The benefits of our products and services are
- Provision of well refined PKO
- Excellent customer care services
- Fair and discount prices.
Our products and services
Patilad Palm Kernel Oil is established to cater largely to commercial and industrial clients via our production plant. Our production processes are clearly defined and standardized to produce a large capacity that is in accordance with the regulations surrounding the industry.
Our products and services include;
- Palm Kernel Oil (PKO)
- Palm Kernel Cake
- Crude Palm Kernel Oil (CPKO)
- Palm Kernel Sludge
- Crushed Palm Kernel Shell for Bio-fuel
- Consultancy Services
Keys to Success
The keys to success for the palm oil Production business include:
- Low operating cost
- Adequate financial funds
- Efficient and important machineries
- Consistently offering quality products
- Acquire necessary regulatory licence for our processing mill.
Objective for Palm Kernel Oil Production
- To consistently increase revenue by 30% quarterly from the sales of palm kernel oil and other products.
- To maintain our customer relationship and also increase by 35% yearly
- To drive awareness and generate sales through mentions in both local print and digital media.
Read Also: COST OF SETTING UP A PALM OIL MILL IN NIGERIA
Our goal is to be among the top ten largest Palm kernel oil producer/distributor in Nigeria by 2025.
Vision for the Palm Kernel Oil Production
Our vision is to be a standard palm kernel oil producing company and be known not just in Nigeria but worldwide as well.
Mission for the Palm Kernel Oil Production
Our mission is to provide quality palm kernel oil to all our customers and potential clients, meeting their specific demands and also building our firm as a standard and well accepted company.
Management Team of the Palm Kernel Oil Production
Funsho Williams – He is an agripreneur who has made records in the industry with over 7 years of experience. He obtained a B.Agric in Forestry from the Ekiti State University. He is the general manager of the firm, saddled with the responsibility of supervising the production plant and monitoring the production process and different units of the firm.
Mr Dayo Adetiloye – (B. Agric., MBA, and PMP): He has over 15 years’ experience in business management, business start-up dynamics, financial management of business and overall business growth and development. He is an alumnus of Enterprise Development Centre (EDC) of the Lagos Business School (LBS), Pan African University (PAU). He is our business development strategist and a strategic partner.
We brought to the business:
- Educational skill and practical experience in Palm Kernel Oil Production business.
- Capacity to consistently provide outstanding service.
- Quality processed product and good understanding of the market trend.
- Our staff brings operational, marketing and promotional skills to the business.
Management experience gained for the Palm Kernel Oil Production
With over 10 years’ experience in Agro-Processing Industry and numerous exposure to both the scientific and practical aspect of services, I’ve being able to master the technical requirements, financial management, staff recruitment and organization skills among other things necessary to give the industry good commendation from our clients.
My managerial skill has also helped in putting together a workforce for over 5 years, which will also help me to coordinate the team work in most aspect of the company.
I am the CEO of the company overseeing the day to day activities of the business.
Materials and Machine for Palm Kernel Oil Production
Production Plant (Land), generator, tanks, delivery trucks, refining machines, nut crusher, drums, boiler, oil-press, steam piping, seed fryer, screw pump, and so on.
Competitor Analysis for Palm Kernel Oil Production
People buy from us because of the following reasons:
- High quality and well packaged palm kernel oil products.
- Skilled and dedicated Workforce
- Efficient Machineries.
- Fair and best possible prices and discount offers.
Our other competitive advantages are:
- Excellent customer service
- Strong distribution network
- Well ventilated Production area
Swot Analysis for PKO Business in Nigeria
STRENGTHS
- Well trained and competent staff
- Easy access to Palm Kernel Nuts
- Strong distribution network
- Adequate Equipment and Machineries
- Excellent customer service
WEAKNESS
- Lack of adequate capital
- Not yet a reputable brand as compare to the already existing firms in the industry
OPPORTUNITIES
- Large market to serve locally and internationally
- Growing industry
- The need for healthy PKO in the society cannot be underestimated
THREATS
- Unfavorable government policy and regulation
- Economic meltdown can reduce the purchasing power of our customers
- Delay in accessing raw cassava
- Establishment of similar firm in our regions
Equipment needed to start a Palm Kernel Oil Production Business
1. Palm Kernel Harvesting Equipment:
- Harvesting Tools: Machetes or sickles for cutting ripe palm fruit bunches from trees.
- Collection Containers: Buckets or baskets for collecting harvested palm fruit bunches.
2. Palm Kernel Processing Equipment:
a. Palm Kernel Oil Extraction:
- Palm Kernel Nut Cracker: Machine to crack open the hard outer shell of the palm kernels.
- Palm Kernel Separator: Separates the kernel from the shell fragments.
- Palm Kernel Crushing Machine: Crushes the kernels into smaller pieces to facilitate oil extraction.
- Palm Kernel Oil Expeller/Press: Presses the crushed palm kernels to extract oil.
- Filter Press: Removes impurities from the extracted oil.
b. Palm Kernel Oil Refining:
- Degumming Equipment: Removes gums and other impurities from crude palm kernel oil.
- Neutralization Equipment: Neutralizes free fatty acids in the oil.
- Bleaching Equipment: Removes pigments and other color compounds from the oil.
- Deodorization Equipment: Removes odor compounds to improve the oil’s aroma and taste.
- Fractionation Equipment (Optional): Separates different components of palm kernel oil for specific applications.
3. Utilities:
- Electricity: Power supply for running the equipment.
- Water Supply: For cleaning equipment and processing.
4. Safety Equipment:
- Personal Protective Equipment (PPE): Including gloves, goggles, and aprons.
- Fire Extinguishers: To handle fire hazards.
5. Quality Control Equipment:
- Laboratory Equipment: Testing tools and equipment for quality control, including moisture content analysis, acidity testing, and color analysis.
6. Storage and Packaging:
- Storage Tanks: To store crude and refined palm kernel oil.
- Packaging Equipment: For packaging palm kernel oil into bottles, drums, or other containers.
- Labeling Machine: If applicable, for labeling packaged products.
7. Office Equipment:
- Computers and Software: For administrative tasks, inventory management, and record-keeping.
8. Waste Management:
- Effluent Treatment Plant: Treats wastewater generated during processing to minimize environmental impact.
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