30,000 tpa Raw Cashew Nut Processing Project

Located in Tiebissou, Côte d'Ivoire

Dekel has an option to acquire a 37.8% interest in the Tiebissou cashew project along with an option to increase our interest to 20.5%

Work is underway to build an initial 10,000 tpa cashew processing plant at Tiebissou, which is being developed in line with the collaborative model that we successfully deployed at our 100% owned palm oil project in Ayenouan. This is centred on constructing a state-of-the-art plant to process raw cashew nuts ('RCN') grown by local smallholders and co-operatives.

Despite being the world's top cashew producer, Côte d'Ivoire only processes 10-15% of RCNs grown in the country. As was the case with Ayenouan, the Company identified a shortfall in regional cashew processing capacity in the area around Tiebissou. The project at Tiebissou will provide local smallholders with an outlet for their produce. In line with this, relationships with local co-operatives to supply raw cashew nuts to the project have been established.

Construction of the plant at Tiebissou is expected to take 12 months with first production on track to commence in late 2020