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PT. Kencana Hijau Bina Lestari (“KHBL”) is a privately-owned company which vision is to be the leader in farming,
livestock, plantation, forestry and tourism industry. In 2014, the company had signed an agreement with the Aceh
Forestry Department and obtain pine resin tapping and citronella grass planting permit in an area of 52,683ha in
Aceh Province. KHBL has built an integrated processing factory of crude pine resin into its first derivative products :
gum rosin and turpentine oil.