—Oil palm (Elaeis sp.) is an important industrial plant producing cooking oil (palm oil), the oil industry, as well as fuel (biodiesel), and others. Plantations make a huge profit so many old plantation forest and converted into oil palm plantations in Indonesia. In 2012 Indonesia was the first palm oil producer in the world. Palm oil plantations generate waste from solid to liquid waste. Volume of solid waste in oil palm plantations is quite large, derived from the leaves, stem, and bunches. In facing the challenge of Rio G+ 20, the green economics is essential. Waste utilizations are essential. This utilized waste can be used for animal feed and fertilizer sources of organic mass used in palm oil plantations. Therefore, this paper is a case study on one of the largest palm oil companies in Indonesia, namely PT SMART Tbk. The study covers the total CPO production, total revenues; total waste generated, and waste utilization. Descriptive data and quantitative data used to support our research in statistics. The conclusion shows PT SMART Tbk practices the green economics to sustain the business in palm oil business.
—Palm oil, coconut oil, green economy, PT SMART Tbk. , CPO, biodiesel, Rio G+ 20.
Muhammad Hakim Haekal is with Agribusiness Department, Insititut Pertanian Bogor (Bogor Agricultural University), (e-mail: firstname.lastname@example.org).
Muhammad Eka Pramudita is with food science technology department, Institut Pertanian Bogor (Bogor Agriculltural University), he is studying in (e-mail: email@example.com).
Cite: Muhammad Hakim Haekal and Muhammad Eka Pramudita, "The Green Economics in PT Sinar Mas Agro Resources and Technology Tbk (PT SMART Tbk.)," International Journal of Trade, Economics and Finance vol. 4, no. 1, pp. 14-18, 2013.