PT ROYAL LESTARI UTAMA
*Investment Redeemed in 3Q 2023 after change of shareholder control and &Green’s consent
&Green’s inaugural investment in early 2019 was to support the Indonesian business PT Royal Lestari Utama (RLU). Established in 2015 as a joint venture between the tire producer Michelin and the Indonesian industrial conglomerate Barito Pacific Group, RLU set out to develop a new model for inclusive and sustainable rubber concessions. The company currently has two concessions covering approximately 88,000 hectares across the provinces of Jambi and East Kalimantan, and it intends to plant up to 34,000 hectares of rubber trees in the long-term.