A new palm oil project in Mindanao, Philippines, will import seedling stock from Papua New Guinea and Thailand.
The Philippines Department of Environment and Natural Resources has identified at least 304,350 hectares as potential areas for oil palm tree plantations.
Several local companies have indicated they have expansion and investment plans in Mindanao.
Experts say Mindanao has better climatic conditions than the top growing nations of Malaysia and Indonesia, making it an ideal place for the crop.
Palm oil is a basic ingredient in making soap, cosmetics, ointments, vitamins, foods and candles, and has plastic and oleo-chemical applications.