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Papua New Guinea to expand fruit and vegetable markets

A Papua New Guinea investment company is looking to build two agribusiness projects which will turn sea water into fresh water and extend the life of locally-grown fresh fruit and vegetables. PBF Agro Business General Manager Jerry Kootz Simon explains to Business Advantage PNG.

PBF Agro Business, a wholly-owned subsidiary of PNG’s largest private equity fund, Pacific Balanced Fund, is planning two new agribusiness projects.

One, Integrated Energy System (IES), involves using solar energy to produce fresh fruit and vegetables (tomatoes, lettuce and strawberries) as well as producing fresh water from seawater.

A second project uses steam generation to run a cool storage facility, which will extend the shelf-life of fresh fruit and vegetables. 

Read more at EMTV Online

Publication date: 9/12/2017

 


 

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