- Business
- PT Jhonlin Agro Raya Tbk (JARR.JK) engages in integrated palm oil plantation, processing and biodiesel production in Indonesia. Founded in 2014 and headquartered in Tanah Bumbu, South Kalimantan, the company operates oil palm plantations spanning approximately 18,500 to 27,937 hectares in Tanah Bumbu and Kotabaru Regencies; its core products and services include crude palm oil, fatty acid methyl ester (biodiesel), refined bleached deodorized palm oil, palm fatty acid distillate, crude glycerin, fatty matter and fresh fruit bunches, with plasma plantations supporting sustainability initiatives. The company, a subsidiary of PT Eshan Agro Sentosa, listed on the Indonesia Stock Exchange in August 2022 and maintains operations focused on the consumer defensive and farm products sectors, serving domestic markets through its biodiesel plant operational since 2021. In October 2024, it secured a refinancing facility from PT Bank Mandiri Tbk by pledging assets worth IDR 1.4 trillion, including plantation rights, biodiesel factory, cooking oil facility and power plant, backed by a corporate guarantee from PT Eshan Agro Sentosa, with funds allocated to refinance existing loans over a 96-month tenor.