Ellah Lakes Plc has announced the acquisition of the first batch of expellers and presses for its planned Palm Kernel Oil mill as part of efforts to expand its processing operations and diversify its revenue sources.
The agribusiness company also announced that the number of pigs on its farm has surpassed 1,000, as it continues to scale its livestock operations in Edo State.
This was disclosed in a statement dated June 23, 2026, noting that installation of the palm kernel processing equipment is expected to be completed by the end of the third quarter of 2026.
Following the installation, the company plans to commence the production of palm kernel oil, popularly known as PKO, and palm kernel cake.
According to the statement, the planned production of PKO and palm kernel cake will allow Ellah Lakes to extract more value from its existing oil palm operations.
The company said the new processing facility would expand its product range and strengthen its participation across different segments of the agricultural value chain.
- Palm Kernel Oil is extracted from the kernel of the oil palm fruit and is used in products including food ingredients, cosmetics, soaps and other industrial products.
- Palm Kernel Cake, which is produced as a by-product of the extraction process, is commonly used as an ingredient in animal feed.
Commenting on the update, Chuka Mordi, Chief Executive Officer of Ellah Lakes Plc, said:
- “The addition of PKO and PKC production will enable Ellah Lakes to capture further value from its oil palm operations, expand its product base and deepen its participation across the agricultural value chain.”
On its livestock operations, the company said its pig population had crossed 1,000, reflecting the expansion of its piggery business.
Ellah Lakes described livestock as an important part of its integrated agribusiness model, providing an additional source of revenue and supporting near-to-medium-term cash flow while its plantation assets continue to mature.
The company has also commenced the sale of gilts, which are young female pigs that have not yet produced offspring.
The sale of gilts is expected to create an additional revenue line while supporting the development of the livestock value chain.
