RGE Pte Ltd
Royal Golden Eagle (RGE) is an industrial group owned by Indonesian tycoon Sukanto Tanoto. It employs 60,000 people worldwide with assets worth over $20bn. Tanoto started his business empire in 1967 as a supplier of spare parts to oil and construction companies in Indonesia. He went on to invest in oil palm plantations in 1979. Since 1985, his group companies have been managing 30,000 acres of oil palm trees each year across a total land area of 160,000 hectares.Headquartered in Singapore, RGE has interests in diverse sectors like paper palm oil, viscose, asset management, real estate, construction and energy. RGE owns the world’s largest viscose producer Sateri, Asia Pacific Rayon and energy firm Pacific Oil & Gas. It is also the owner of the Asia Pacific Resources International Holdings Limited (APRIL), one of the world’s largest pulp and paper mills. The Rainforest Action Network and other NGOs like Greenpeace and the WWF have put considerable pressure on the RGE group’s unsustainable operations such as the destruction of rainforests by APRIL. In 2019, RGE announced plans to invest $200m in cellulosic textile fiber research and development over a period of 10 years. Projects will include the scaling up of proven clean technology in fiber manufacturing, bringing pilot-scale production to commercial scale and R&D in emerging frontier solutions.
