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4. Investment in oleo-chemical industry promising.

4. INVESTMENT IN OLEO-CHEMICAL INDUSTRY PROMISING

The possibility is open for oleo-chemicals derived from palm oil and coconut oil to substitute ole-chemical from petroleum, which is now high in price. The possibility is wider in Indonesia, which has palm oil in abundance. The country is the world's second largest producer of crude palm oil after Malaysia. The prospects of business in oleo-chemical industry, therefore, is promising especially as that industry has not yet adequately developed in the country while market demand has continued to increase.

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