AAK AB
palm oil

AAK AB

https://www.aak.com

About

Established in 2005, following a merger between Aarhus United and Karlshamns AB (both speciality fats and oils companies that were well established in the palm oil industry). AAK is a major player in the global palm oil industry and operates a network of refineries across Europe, the Americas and Asia, selling refined products to large consumer goods manufacturing companies. An early version of Aarhus United (Aarhus Palmekærnefabrik), established in 1871, pioneered the process of fractioning crude palm oil for margarine, as well as the use of palm kernel oil (PKO).

RSPO Member : Yes RSPO Member : Yes

Environmental, Social, Governance Rating (SPOTT)

51.7%

Environmental, Social, Governance (ESG) rating from SPOTT - Sustainability Policy Transparency Toolkit.
AAK AB map

Market cap

6,139

Million US$

Landbank

0

(AAK does not operate plantations)

Supply chain position

Midstream–downstream

Processor and trader of crude palm oil and palm kernel oil | Refiner | Trader and manufacturer of consumer goods, animal feeds and oleochemicals

Refineries / capacity

20

refineries, and in 2018 AAK processed >1,300,000 tonnes of palm oil and oil palm products according to their ACOP

NDPE Policy

Yes

No Deforestation, No peat, No exploitation

Market served

International

Parent Company

n/a

Subsidiaries

GreenPalm, AAK Zhangjiagang Limited (China), AAK Kamani (India), MaasRefinery B.V. (Netherlands).

Products

Oil-derived food ingredients for baking including shortenings, laminating fats, frying oils and margarines, as well as for chocolate and confectionery. AAK also produce technical products and feed (glycerine and fatty acids).

Resources

China Dialogue
Pioneering sustainable palm oil in India
February 8, 2021
Eyes on the Forest
Investigative Report: Enough is Enough
June 8, 2018
Chain Reaction Research
AAK Lags in Implementation of NDPE Best Practices
January 1, 2019
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