Peter Greven Asia Sdn. Bhd. started its operations in June 2007, located in Penang (Malaysia). It is a 60:40 Joint-Venture between Peter Greven GmbH & Co. KG (Germany) and IOI Oleochemicals Industries (Malaysia). Peter Greven is known as a manufacturer of oleochemical products with headquarters in Germany and the core business of producing metallic soaps, alkaline soaps, ester lubricants and dispersions while IOI Oleochemicals is a world leading producer of palm-based oleochemical products. Both parties chose the cooperation as a strategic step into growing Asian market. Peter Greven Asia has a consistent and ready supply of fresh, vegetable based and high quality fatty acids as raw materials for the production due to its proximity to IOI Acidchem, one of the subsidiaries of IOI Oleochemicals, which is one of the largest palm-based fatty acid producers in Asia. By utilizing new and progressive technologies for its production processes and stringent quality assurance measures - backed by the parent company for continuous research and development - Peter Greven Asia is capable of producing products of excellent quality, meeting customers’ expectations worldwide. The product portfolio of Peter Greven Asia includes metallic soaps, alkaline soaps and dispersions recapped under the brand PALMSTAR®. Meeting different requirements of various applications, the products can be used for plastics, rubber, building protection and lubricants on the one hand while they are also suitable for different life science industries like pharmaceutical, food and cosmetics.