Synthesis of Sustainable Circular Economy in Palm Oil Industry Using Graph-Theoretic Method

Yeo, Jason Yi Juang; How, Bing Shen; Teng, Sin Yong; Leong, Wei Dong; Ng, Wendy Pei Qin; Lim, Chun Hsion; Ngan, Sue Lin; Sunarso, Jaka; Lam, Hon Loong

doi:10.3390/su12198081

Cited by 43 publications

(28 citation statements)

References 41 publications

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“…Conversion technologies, on the other hand, have been created and commercialized in order to better convert waste into a more usable product. While biorefineries may be able to convert these wastes into biofuel and other biochemicals, the oil palm industry may require fertilizer, steam, fuel, and electricity for their plantation and manufacturing facilities [58].…”

Section: Circular Economymentioning

confidence: 99%

Sustainability of the Oil Palm Industry

Darkwah¹,

Ong‐Abdullah²

2022

Elaeis Guineensis

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The oil palm (Elaies guineensis Jacq) is the largest produced and highly traded vegetable oil globally yet has the lowest cost of production and significantly higher productivity compared to other oil crops. The crop has the potential of alleviating poverty for smallholders and lifting the economies of countries with large scale production notably, Malaysia and Indonesia and currently on high demand for use as biofuel feedstock. Irrespective of these advantages of the oil palm, there is a global concern on the devastating impact of the crop on the environment and ecosystem during plantation developments and expansions. Deforestation, biodiversity loss, water and air pollution and toxic compounds from palm oil mill effluents (POME) are some of the negative impacts of the oil palm. For the industry to be more beneficial and impactful globally, sustainability strategies becomes urgent need. Sustainability strategies such as increasing the yield of oil palm, precision agriculture, sustainability certification, support for smallholders and circular economy have been put across to curtail the negative impacts of oil palm expansion.

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Section: Circular Economymentioning

confidence: 99%

Sustainability of the Oil Palm Industry

Darkwah¹,

Ong‐Abdullah²

2022

Elaeis Guineensis

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“…For example, a content analysis for 132 studies [62] concludes that: (1) there is a positive relationship between corporate sustainability and financial performance in 78% of the cases, and (2) different methodologies and measurement of variables may lead to different results. Some studies claim that CE practices can induce profitability (e.g., [11,12,[63][64][65]), while another study opposes that the linear production model induces higher rates of profitability [66]. A third line of studies, despite recognizing that the linear production model returns greater profits, present evidence that implementing CE practices may increase corporate profitability [67,68].…”

Section: Sustainability Policies and Financial Performancementioning

confidence: 99%

The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications

Santos

Lisboa

2022

Sustainability

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Companies that provide public services usually receive subsidies from municipalities as compensation for replacing the latter in their functions as public service providers. However, the managers of those companies are not always interested in maintaining an economically sustainable company, as this implies turning off the tap on exploration subsidies. This article investigates the effect of subsidies on the financial performance of municipal solid waste collection and treatment companies for 2016–2020 and across NUTS II regions. The accounting data of 680 companies retrieved from the SABI database, make it possible to assess the economic sustainability of the companies through financial ratios and operational data. The results show that the financial structure and management of companies in the Centro, Lisbon, and the Azores allowed to take advantage of exploration subsidies to achieve economic sustainability. In the remaining regions these subsidies proved to be ineffective. These results have implications for managers and policy makers insofar as it sheds a light on the conditions under which subsidies contribute to the economical sustainability of companies in the sector.

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“…Palm oil is the major product from the oil palm industry and since the mid-2000s, it has displaced soybean oil as the most important edible oil in the world [82]. Worldwide palm oil production has reached over 69 million metric tons (MMT) in 2017 with Indonesia, Malaysia, and Thailand as the major producers [83].…”

Section: Oil Palm Biowaste Revalorizationmentioning

confidence: 99%

Tropical agroindustrial biowaste revalorization through integrative biorefineries—review part I: coffee and palm oil by-products

Mora-Villalobos

Aguilar

Carballo-Arce

et al. 2021

Biomass Conv. Bioref.

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Tropical crops are an important source of wealth in many countries. The current agribusiness model is based on the production of a final commodity, leading to the production of organic by-products (biowastes) that in many cases contain bioactive compounds with a potential added value. The exploitation of these by-products is the foundation of the circular economy that leads to the generation of greener bioprocesses for the industry with foreseeable economic improvements in production systems. This review aims to point out the idle opportunities of agricultural production systems and their associated biowastes to contribute to the establishment of a bioeconomy. Hence, the focus lies on five tropical extensive crops: coffee, oil palm, sugar cane, banana, and pineapple. This first part of the review explores agricultural wastes originated from the coffee and oil palm industrial process and is oriented on the potential use of these by-products as a starting material for the alternative obtention of chemicals, otherwise obtained from petrochemistry. The second part of the review focuses on prospective use of lignocellulosic rich biowaste that is derived from the industrialization of sugar cane, banana, and pineapple. A fundamental difference for the use of coffee biomass compared to other crops is the presence of numerous bioactive compounds that are not yet properly utilized, such as antioxidants (i.e., caffeic acid, chlorogenic acid, ferulic acid), as well as their possible use in the manufacture of products of interest in the cosmetic (i.e., quinic acid) or pharmaceutical industry (i.e., caffeic acid phenethyl ester). In the case of oil palm, its potential lies in obtaining chemicals such as glycerol and carotenoids, or in the bioenergy production.

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Synthesis of Sustainable Circular Economy in Palm Oil Industry Using Graph-Theoretic Method

Cited by 43 publications

References 41 publications

Sustainability of the Oil Palm Industry

Sustainability of the Oil Palm Industry

The Effects of Subsidies on MSW Treatment Companies: Financial Performance and Policy Implications

Tropical agroindustrial biowaste revalorization through integrative biorefineries—review part I: coffee and palm oil by-products

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