SIPEF NV
SIPEF NV is a Belgian-listed agribusiness producing certified sustainable crude palm oil (via Indonesia and Papua New Guinea operations) and bananas (via Côte d'Ivoire), selling primarily to enterprise customers in the food industry and green energy sectors.
- Company typePublic
- Founded1970
- HeadquartersSchoten, Belgium
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What SIPEF NV does
SIPEF NV is a Belgian publicly-listed agribusiness group (Euronext Brussels: SIPF) that produces and sells sustainable, traceable tropical agricultural commodities — primarily crude palm oil (CPO) and bananas. Its largest shareholder is Ackermans & van Haaren NV with 41.24% ownership, and Group Bracht entities hold a further significant stake. The company operates three core producing geographies: oil palm plantations in Indonesia (via Tolan Tiga Indonesia) and Papua New Guinea (via Hargy Oil Palms Ltd), and banana production in Côte d'Ivoire (via Plantations J. Eglin SA). As of year-end 2025, SIPEF managed 84,576 planted hectares of oil palm supplied by a 105,480-hectare supply base feeding ten mills, and produced 441,867 tonnes of CPO and 52,159 tonnes of bananas.
The company operates a vertical plantation-to-mill model, with a core technology layer built around the GeoSIPEF digital traceability platform that provides land boundary data, layered mapping, and EUDR compliance tooling across all palm oil and banana supply chains. Approximately 96% of its CPO, palm kernel oil, and palm kernels are sold through RSPO and ISCC certified physical goods flows, with nine of ten palm oil mills RSPO certified and all Indonesian mills Halal certified (rainforest Alliance, GlobalG.A.P., and Fairtrade for bananas). Strategic technology investments include the Verdant Bioscience F1 Hybrid yield programme and a new bio-CNG facility (commissioned December 2025 at Perlabian mill) that converts palm oil mill effluent methane into ~109,620 MMBtu of renewable gas annually.
SIPEF's revenue model is straightforward transaction-based commodity sales to enterprise customers — primarily food industry and green energy producers — at market prices with certification premiums. FY2025 group revenue was USD 570.4 million, with CPO contributing approximately 92% of turnover at an average ex-mill gate price of USD 955/tonne. The company sells through long-term relationships with a limited number of premium-paying customers, with the majority of Indonesian palm oil sold domestically and bananas exported to European markets. FY2025 net profit (Group share) reached USD 125.4 million, up 90.5% year-on-year, supported by 21.9% CPO volume growth and 10.2% price improvement.
SIPEF NV firmographics
Firmographics- Name
- SIPEF NV
- Legal name
- SIPEF NV
- Website
- https://sipef.com
- Company type
- Public
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- SIPEF NV is a Belgian-listed agribusiness producing certified sustainable crude palm oil (via Indonesia and Papua New Guinea operations) and bananas (via Côte d'Ivoire), selling primarily to enterprise customers in the food industry and green energy sectors.
- Ownership category
- akta.pro rank
SIPEF NV industry classification
Industry- Product category
- Palm Oil Production
- NAICS
- Agriculture, Forestry, Fishing and Hunting (11)
- akta.pro primary industry
- Palm Oil Milling, Refining & Fractionation (AFAKAEAB)
- akta.pro secondary industry
- Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass) (EUABAJAD)
Keywords
Where SIPEF NV is headquartered
LocationHeadquarters
- HQ city
- Schoten
- HQ country
- Belgium
- HQ region
- Europe
Offices4 records
Markets served
SIPEF NV business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Crude Palm Oil (CPO) Sales: Primary revenue driver accounting for approximately 92% of total turnover. SIPEF recorded total CPO production of 441,867 tonnes in 2025 at an average ex-mill gate selling price of USD 955 per tonne. Sold through certified physical goods flows (RSPO, ISCC) primarily to food industry and green energy producers.
- Banana Sales: Second major revenue stream from banana production in Côte d'Ivoire through subsidiary Plantations J. Eglin. Production reached 52,159 tonnes in 2025 with 11.3% increase in European sales. Banana segment revenue grew 4.8% supported by higher volumes and average unit selling prices.
- Tea Operations: SIPEF previously produced black cut, tear, curl (CTC) tea. In 2021, the company agreed to sell PT Melania, its Indonesia subsidiary comprising entire tea operations in Java, to Shamrock Group, exiting the tea business.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Crude Palm Oil - Average ex-mill gate price |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
SIPEF NV product offering
Product offeringCore offering
SIPEF NV is a Belgian agribusiness group that produces and sells certified sustainable tropical agricultural commodities, primarily crude palm oil (CPO) from oil palm plantations in Indonesia and Papua New Guinea (approximately 92% of revenue) and bananas from Côte d'Ivoire. It also produces renewable bio-compressed natural gas (bio-CNG) from palm oil mill effluent at its Perlabian mill, and sells through RSPO, ISCC, Rainforest Alliance, GlobalG.A.P., and Fairtrade certified supply chains to enterprise food manufacturers, green energy producers, and European retailers.
Product overview
SIPEF NV is a Belgian agribusiness group producing high-quality, sustainable, and traceable tropical agricultural commodities. The company operates a portfolio of three main products: crude palm oil (its primary product, accounting for approximately 92% of turnover) from oil palm plantations in Indonesia and Papua New Guinea, bananas from its Plantations J. Eglin subsidiary in Côte d'Ivoire, and bio-compressed natural gas from its Perlabian facility in Indonesia. Prior to 2021, the company also produced tea in Indonesia through PT Melania, which was sold to Shamrock Group. SIPEF's operations span 84,576 planted hectares of oil palms across Indonesia and Papua New Guinea, with a broader supply base of 105,480 hectares supplying ten mills. The company emphasizes sustainability, holding RSPO certification for 75% of its planted areas, and maintains full traceability across palm oil and banana products. Its recent strategic initiatives include the commissioning of a bio-CNG facility in December 2025 to convert palm oil mill effluent into renewable energy.
Differentiator
Problem solved
Functional benefit
Products and services
- Crude Palm Oil (CPO) SIPEF produces crude palm oil (CPO) from oil palm plantations in Indonesia (North Sumatra, South Sumatra, Bengkulu) and Papua New Guinea (West New Britain Province) through wholly-owned subsidiaries Tolan Tiga Indonesia and Hargy Oil Palms Ltd. Total CPO production reached 441,867 tonnes in 2025 at an average ex-mill gate selling price of USD 955 per tonne. Approximately 96% of CPO, palm kernel oil, and palm kernels are sold through RSPO and ISCC certified physical goods flows. Nine out of ten palm oil mills are RSPO certified. The product is sold to enterprise customers in the food industry and green energy sector.
- Bananas SIPEF produces bananas through its wholly-owned subsidiary Plantations J. Eglin SA in Côte d'Ivoire. Banana production reached 52,159 tonnes in 2025, a 2.2% increase from 2024, with European market sales increasing 11.3%. All banana operations maintain Rainforest Alliance, GlobalG.A.P., and Fairtrade certifications. The product is sold to European food retailers and distributors with consistently high product quality and strict certification compliance.
- Bio-CNG (Bio-compressed Natural Gas) SIPEF produces renewable bio-compressed natural gas (bio-CNG) at its Perlabian facility in North Sumatra, Indonesia. The facility, commissioned in December 2025 in partnership with KIS Group, converts methane from palm oil mill effluent (POME) into renewable energy, producing approximately 109,620 MMBtu of bio-CNG annually and reducing CO2 emissions by more than 54,000 tonnes per year. The bio-CNG replaces diesel in industrial applications.
Quantifiable outcome
- 21.9% increase in CPO production to 441,867 tonnes in 2025
- +4 more outcomes
Companies that use SIPEF NV
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
SIPEF NV technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
SIPEF NV partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- Borneo FuturescoreBrunei-based scientific consultancy company that has partnered with SIPEF to strengthen biodiversity monitoring through a community-driven citizen science programme in Indonesia.
- Coalition Partners in MukomukominorA coalition of partners launched a sustainable landscape development initiative in Mukomuko, Indonesia, supporting broader environmental and community goals.
- KIS GroupcorePartnership for bio-CNG facility at Perlabian mill in North Sumatra, Indonesia. Commissioned December 2025, the plant converts methane from palm oil mill effluent (POME) into renewable bio-CNG, producing approximately 109,620 MMBtu annually.
- Shamrock GroupminorIn 2021, SIPEF agreed to sell PT Melania, its Indonesia subsidiary comprising the company's entire tea operations in Java, to Shamrock Group, exiting the tea production business.
- Verdant Bioscience Pte Ltd (VBS)coreSIPEF's investment in VBS and the F1 Hybrid programme supports higher yields on existing land and more efficient land use. Genetic science contributes to more effective pest and disease management, improved productivity per hectare, and better adaptability to changing climate conditions.
- Smallholder CooperativescoreWorking with cooperative members and village groups to manage land for cultivation, purchase produce at market prices, and provide training, agricultural inputs, and market access. Reaches more than 5,000 smallholders in Indonesia and Papua New Guinea.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
SIPEF NV competitors and assessment
Company assessmentDirect peers
- Fresh Del Monte Produce: Vertically integrated producer and distributor of bananas, pineapples, and other fresh produce with European distribution channels. Comparable to SIPEF's banana business through Plantations J. Eglin in Côte d'Ivoire.
- Astra Agro Lestari: Indonesian palm oil producer with large plantation base. Comparable to SIPEF in CPO production model and exposure to Indonesian domestic and export markets.
- Sime Darby Plantation Berhad: One of the world's largest palm oil producers with operations in Indonesia, Malaysia, and other geographies. Directly comparable to SIPEF in upstream CPO production, mill operations, and sustainability certification focus.
- Kuala Lumpur Kepong Berhad (KLK): Malaysian plantation group with significant Indonesian oil palm operations and downstream manufacturing. Comparable to SIPEF in upstream CPO production footprint and certification strategy.
- Felda Global Ventures (FGV): Malaysian palm oil producer with one of the largest smallholder networks globally. Comparable to SIPEF in CPO production and smallholder engagement programmes.
- IOI Corporation Berhad: Malaysian integrated palm oil producer with both plantation and downstream operations. Closely comparable to SIPEF in upstream CPO production and RSPO-certified sustainable supply chains.
- Boustead Plantations Berhad: Malaysian palm oil plantation operator with operations in Malaysia and Indonesia. Comparable to SIPEF in upstream CPO production scale and Southeast Asian footprint.
- First Resources Limited: Indonesia-focused palm oil producer with integrated plantations and mills. Comparable to SIPEF in CPO-centric revenue mix and Indonesian operating exposure.
- Golden Agri-Resources: Indonesia-headquartered palm oil major with extensive plantations and downstream refining. Comparable to SIPEF in CPO production scale and geographic exposure to Indonesian palm oil policy.
Broad incumbents
- Wilmar International: Asia's largest agribusiness group with vertically integrated palm oil, oilseeds, and sugar operations. Comparable to SIPEF's CPO business as a downstream buyer and broad incumbent in tropical commodities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
SIPEF NV social profiles
Digital presenceSIPEF NV financial estimates
Financial estimateRevenue estimate
Valuation estimate
SIPEF NV leadership team
Management profileNumber of profiles
Profiles2 records
SIPEF NV subsidiaries and ownership
Company hierarchySubsidiaries4 records
SIPEF NV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SIPEF NV M&A and investment
M&A and investmentM&A2 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SIPEF NV
What does SIPEF NV do?
SIPEF NV is a Belgian agribusiness group that produces and sells certified sustainable tropical agricultural commodities, primarily crude palm oil (CPO) from oil palm plantations in Indonesia and Papua New Guinea (approximately 92% of revenue) and bananas from Côte d'Ivoire. It also produces renewable bio-compressed natural gas (bio-CNG) from palm oil mill effluent at its Perlabian mill, and sells through RSPO, ISCC, Rainforest Alliance, GlobalG.A.P., and Fairtrade certified supply chains to enterprise food manufacturers, green energy producers, and European retailers.
Is SIPEF NV a public or private company?
SIPEF NV is a public company. It is classified as public and is currently operating.
When was SIPEF NV founded?
SIPEF NV was founded in 1970. It employs 5,001 to 10,000 people.
Where is SIPEF NV based?
SIPEF NV is headquartered in Schoten, Belgium, in the Europe region.
How does SIPEF NV make money?
Three revenue lines are on record. Crude Palm Oil (CPO) Sales are the primary driver. The others are banana Sales and tea Operations.
Who are SIPEF NV's main competitors?
Direct peers on record are Fresh Del Monte Produce, Astra Agro Lestari, Sime Darby Plantation Berhad, Kuala Lumpur Kepong Berhad (KLK), Felda Global Ventures (FGV), IOI Corporation Berhad, Boustead Plantations Berhad, First Resources Limited and Golden Agri-Resources. Wilmar International is listed as a broad incumbent.
Does SIPEF NV have an API?
No public API is recorded for SIPEF NV.
What industry is SIPEF NV in?
SIPEF NV's product category is Palm Oil Production. Its primary akta.pro industry code is AFAKAEAB, Palm Oil Milling, Refining & Fractionation, with a secondary code of EUABAJAD, Biofuels & Renewable Fuels Switching (Biomethane/RNG, Bio-oils, Sustainable Biomass). Its NAICS code is 11.