Raffles Oil LFTZ Enterprise, palm oil refinery, is another backward integration initiative of the Group. The refinery will be ready by mid of year 2013 and is located at Lagos Free Trade Zone, Lekki. The company is also planning to put the fractionation and packaging plant along with the refinery.

The objective of the company will be to operate as an independent company catering to group’s vegetable oil needs and also to explore the Nigerian retail market.