The Role Palm Oil Plays In Our Future

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(December 29, 2020) Last month I was invited to do two presentations at my son’s school. The theme was “Sustainable Development”, with a focus on how we can create positive impact working from new business and collaboration models. The goal: to inspire these 17-year-old students as they choose the next step in their education and motivate them to become leaders of change in the near future.

The amount of vegetable oils we consume annually is huge. To date the global annual demand of vegetable oils is 210 million metric tonnes. The projected demand in 2050 is outright staggering. We will be needing around 308 million metric tonnes to satisfy global demand, a growth of 46%. The two main drivers of this increase are population growth — towards 9.7 billion people — and increased per capita consumption.

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