Mahkota Group

What Mahkota Group does

PT Mahkota Group Tbk (IDX: MGRO) is an Indonesian publicly listed palm oil company headquartered in Medan, North Sumatra, with a representative office in Jakarta and processing operations located across North Sumatra, Riau (Dumai refinery and Duri 13 integrated zone), and Palembang (South Sumatra). The company operates an integrated upstream-to-downstream business model: palm oil mills producing Crude Palm Oil (CPO) from Fresh Fruit Bunches (capacity ~432,000 tons/year FFB at the Riau site), a Dumai refinery producing RBDPO and cooking oil, and ancillary services including stockpile tank rentals. It is one of the larger mid-cap palm oil processors on the IDX, with documented 2021 revenue of IDR 7.31 trillion and an export footprint reaching India, Pakistan, China, the USA, Bangladesh, and other markets.

The company's core technology is industrial palm oil processing, with a recent sustainability pivot around biogas production from Palm Oil Mill Effluent (POME) at its Riau site. Biogas output of 7.78 million Nm³ per year replaces diesel fuel, generating IDR 18 billion in annual fuel savings, and a carbon credit sales pipeline through Monsoon Carbon and Monson Carbon targets 95,000 MTCO2 of annual credits. A newer BOOT agreement with reNIKOLA Primer Energi (Announced March 2025) expands into compressed biogas (CBG) production at subsidiary PT KPNJ's mill. Profitability has deteriorated from the 2021 peak, with reported net losses in 2022-2025 alongside strategic share buybacks and certified sustainability standards (ISPO, RSPO, ISCC, ISO 9001:2015, Blue PROPER).

The go-to-market motion is sales-led, primarily direct export of CPO and refined products to international buyers, with domestic sales to Indonesian biodiesel producers and cooking oil manufacturers. Revenue streams include commodity palm oil sales (transaction-based, market pricing), stockpile tank rentals, cost savings from biogas replacing diesel, and emerging carbon credit / biomethane revenue. The company distributes via enterprise field sales relationships with major importers rather than proprietary consumer brands, and investor relations activity (public exposes, AGMs, annual reports) serves as the secondary B2B credibility channel. Customer concentration is high among major importing countries, with India as the largest single market.

Name

Mahkota Group

Legal name

PT Mahkota Group Tbk

Website

https://mahkotagroup.com

Company type

Public

Founded year

2018

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PT Mahkota Group Tbk (IDX: MGRO) is an Indonesian integrated palm oil processor operating mills in North Sumatra, Riau, and South Sumatra, with a Dumai refinery producing CPO and refined products for export to India, Pakistan, China, the USA, and Bangladesh, alongside emerging biogas and carbon credit revenue streams.

Ownership category

akta.pro rank

Product category

Palm Oil Processing

NAICS

Fats and Oils Refining and Blending (311225)

SIC

Fats & Oils (2070)

akta.pro primary industry

Palm Oil Milling, Refining & Fractionation (AFAKAEAB)

akta.pro secondary industries

Tropical Oils & Fractions (Palm, Palm Kernel, Coconut) (AFAJALAD), Industrial Oil & Wax Crop Farming (Castor, Jojoba, Oil Palm for industrial uses) (AFAGAGAL)

Keywords

• Palm oil processing
• Crude palm oil
• Refined palm oil
• Biogas energy production
• Carbon credit generation

Headquarters

HQ city

Medan

HQ country

Indonesia

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Palm Oil Processing and Sales: Core business covering upstream (oil palm plantations, palm oil mills) and downstream (refinery, edible oil production) operations. Revenue primarily from CPO sales and refined palm oil products.
2. Stockpile Tank Rentals: Provision of storage facilities for palm oil products, providing ancillary revenue to core processing operations.
3. Carbon Credits: Revenue from selling carbon credits generated through biogas production and methane avoidance projects to international carbon markets via partnerships with Monsoon Carbon and Monson Carbon.
4. Renewable Energy (Biogas): Savings from replacing diesel fuel with biogas energy in factory operations, generating approximately IDR 18 billion in annual fuel cost savings.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Mahkota Group operates as an integrated palm oil company covering upstream and downstream operations. The company extracts Crude Palm Oil (CPO) at its palm oil mills located in North Sumatra, Riau, and South Sumatra, and processes it into refined products (RBDPO, cooking oil) at its Dumai refinery. Additionally, it produces biogas energy from palm oil mill effluent (POME), generates carbon credits from methane avoidance projects, manufactures organic fertilizer from empty fruit bunches, and offers stockpile tank rental services.

Product overview

PT Mahkota Group Tbk (MGRO) operates as an integrated palm oil company covering upstream and downstream sectors. The company's core products include Crude Palm Oil (CPO) extracted at palm oil mills across North Sumatra, Riau, and South Sumatra, which is then processed into refined products including RBDPO and cooking oil at the Dumai refinery facility. The company has expanded into renewable energy production through biogas projects that convert palm oil mill effluent into energy, generating carbon credits for international markets. Additional by-products include organic fertilizer from empty fruit bunches. The company also offers stockpile tank rental services. The business operates on a vertical integration model from plantation to refined product manufacturing.

Differentiator

Problem solved

Functional benefit

Products and services

• Crude Palm Oil (CPO) Primary product extracted from palm fruit processing at company-owned mills in North Sumatra, Riau, and South Sumatra. CPO serves as raw material for downstream products and the primary export commodity (production capacity approximately 213,000-219,149 tons annually).
• Refined Palm Oil Products Downstream refined products including RBDPO (Refined, Bleached, Deodorized Palm Oil) and cooking oil (migor) produced at the Dumai refinery plant. Part of the company's downstream industrialization strategy.
• Biogas Energy Renewable energy produced from palm oil mill effluent (POME) through methane gas capture. Production capacity of 7,776,000 Nm³ per year; used to replace diesel fuel in factory operations, saving approximately IDR 18 billion annually.
• Compressed Biogas (CBG) Compressed biomethane produced from POME through the BOOT agreement with reNIKOLA. Projected to produce over 108,000 MMBtu of biomethane per year with annual CO2 reduction of approximately 40,000 tons. Total investment estimated at USD 6 million.
• Carbon Credits Carbon credits generated from methane avoidance projects at biogas plants. Projected to generate at least 95,000 MTCO2 carbon credits annually for sale in international markets via partnerships with Singapore-based Monsoon Carbon and Monson Carbon.
• Organic Fertilizer Organic fertilizer produced from palm empty fruit bunch waste (jankos). Contributes to sustainable palm oil practices and reduces chemical fertilizer dependency.
• Stockpile Tank Rental Storage facility services for palm oil and derivative products. Part of the company's integrated palm oil business operations and an ancillary revenue stream to core processing.

Quantifiable outcome

• IDR 18 billion annual fuel cost savings from biogas implementation
• +4 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Monson CarboncoreStrategic or Co-development Partner · 29 April 2025Collaboration for Monsoon Methane Avoidance commercial project to sell carbon credits from Integrated Sustainable Agro Industry area to global carbon market. Project registration planned for March 2025. Monson Carbon is Singapore-based carbon credit market agent.
• reNIKOLA Primer Energi (PT rPE)coreStrategic or Co-development Partner · 20 March 2025BOOT (Build-Own-Operate-Transfer) agreement signed for biomethane/CBG (Compressed Biogas) project utilizing palm oil mill effluent from PT KPNJ's palm oil mill. Project to produce over 108,000 MMBtu of biomethane per year with annual CO2 reduction of approximately 40,000 tons. Total investment estimated at USD 6 million. Part of reNIKOLA's target to develop 40 projects with cumulative investment exceeding USD 240 million.
• RACC Indonesia (Rhema Australian Consulting Company)minorStrategic or Co-development Partner · 22 January 2025MoU, MoA and Implementation Arrangement signed for double degree programs, international internships, student exchanges, and joint research between MTU University and RACC. Part of collaboration involving 45 North Sumatra private universities.
• JNE (Jalur Nugraha Ekakurir)minorChannel Partner/ Reseller/ Distributor · 10 January 2025Strategic cooperation with JNE for logistics services. JNE leaders visited palm oil factory to understand production process. JNE expressed commitment to continue strategic cooperation with Mahkota Group.
• Monsoon CarboncoreStrategic or Co-development Partner · 5 November 2024Carbon credit sales partnership for international market from biogas plant methane capture operations at PT Intan Sejati Andalan in Bengkalis, Riau. Project projected to generate at least 95,000 MTCO2 carbon credits. Monsoon Carbon is Singapore-based with renewable energy projects across Asia and Africa.
• PT Karya Pratama Niagajaya (KPNJ)coreOthersSubsidiary of PT Mahkota Group engaged in palm oil processing. Location in North Sumatra. Operates palm oil mill with FFB processing capacity.
• PT Intan Sejati Andalan (ISA)coreOthersSubsidiary with biogas plant in Bengkalis, Riau. Location of Integrated Sustainable Agro Industry project area. Holder of ISCC and PROPER certifications.
• PT Mutiara Unggul Lestari (MUL)minorOthersSubsidiary engaged in palm oil processing. Holder of ISCC and PROPER certifications. Conducted blood donation and community activities.
• PT BIM (Various entities)minorOthersSubsidiary companies including PT BIMR (Rengat), PT BIMS (Siak) engaged in palm oil processing. Holders of ISCC and PROPER certifications.

Scale indicators12 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Wilmar International: Asia's largest integrated palm oil and edible oils processor with extensive plantation, milling, and refining operations across Indonesia and globally. Directly comparable integrated upstream-downstream model though at vastly larger scale.
• Sime Darby Plantation Berhad: Malaysia's largest plantation group with palm oil mills, refineries, and downstream biodiesel operations. Closely comparable vertically integrated palm oil model with sustainability certification leadership.
• Kuala Lumpur Kepong Berhad (KLK): Malaysian diversified plantation group with palm oil operations across Indonesia/Malaysia and downstream oleochemical manufacturing. Comparable integrated CPO value chain with sustainability focus.
• PT Sinar Mas Agro Resources and Technology (SMART) / Golden Agri-Resources: One of the world's largest palm oil companies with integrated Indonesian plantation and refinery assets. Directly comparable vertically integrated CPO business serving global export markets.

Direct peers

• Musim Mas Group: Indonesian integrated palm oil company with plantations, mills, refineries, and biodiesel operations including POME biogas. Highly comparable integrated model with parallel focus on renewable energy and carbon credits.
• IOI Corporation Berhad: Malaysian integrated palm oil producer with plantations, mills, and downstream refining including oleochemicals. Comparable scale, vertical integration, and emphasis on sustainable certified palm oil.
• PT Astra Agro Lestari Tbk: Indonesian publicly listed palm oil plantation and mill operator with similar Sumatra-based plantation footprint and CPO production. Comparable mid-cap profile focused on upstream-midstream CPO.
• PT Sampoerna Agro Tbk: Indonesian palm oil and rubber plantation operator with similar Sumatra-based operations and CPO focus. Comparable mid-cap scale and product mix targeting domestic and export markets.
• Felda Global Ventures Holdings Berhad: Malaysian palm oil miller and refiner with extensive CPO production and downstream integration. Comparable mid-cap integrated palm oil profile with strong ESG/sustainability positioning.
• PT First Resources Tbk: Indonesian-listed palm oil group with plantations in Sumatra/Kalimantan and own mills. Comparable mid-cap CPO producer with similar export-oriented business and sustainability certification profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mahkota_group

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mahkota Group