The consumer producer, PT Unilever Indonesia Tbk (IDX: UNVR), said it will open up for an opportunities to acquire new brands to complement its business portfolio - Photo by the Company

JAKARTA (TheInsiderStories) – British-Dutch transnational consumer goods company Unilever has struck a partnership agreement with state-owned palm oil plantation firm PT Perkebunan Nusantara III (PTPN III) to support local mills and farmers in producing palm oil that aligns with zero deforestation standards. Marc Engel, chief supply chain officer at Unilever in a statement, said the firm’s ambition was to make sustainable palm oil “mainstream”, having worked hard in recent years on developing its approach to the issue. Meanwhile, Erwan Pelawi, operating managing director at PTPN’s holding company, explained that the firm had an extensive network of smallholder farmers, with 61 per cent of the area it manages made up of palm oil plantations.