Canadian Firm, Calowry Inc, Proposes Major Coconut Processing Venture in Bougainville

Bougainville is poised for a significant economic boost with a proposal from Canadian firm Calowry Inc. to develop a network of advanced coconut processing facilities.

The venture promises substantial benefits for the region, including the creation of much-needed jobs and crucial support for smallholder coconut farmers. A key aspect of the plan involves introducing zero-waste technology to the country's coconut sector, aligning with global sustainability trends and potentially setting a new standard for agricultural processing in Papua New Guinea.

Calowry Inc., headquartered in Lethbridge, Alberta, along with its Australian subsidiary, has indicated its commitment by proposing to fund 51 percent of the estimated USD $5 million required for each facility. This substantial investment signals strong confidence in Bougainville's potential and its agricultural resources. The project is expected to revitalize the local economy and enhance the value chain for Bougainville's coconut production.