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OPC banks on supplying world's priciest wood

S'pore company's Cambodian venture aims to be a vertical business promoting social change
Saturday, October 1, 2016 - 05:50

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IMPACT INVESTING: (From left) MD Benjamin Song (with three of his four partners: Kevin Leow, Danny Wang and Ivan Chen) says OPC's tree inoculation success rate is 97%, and its process takes 3-1/2 years.

Singapore

THE Middle Easterners use it for perfumes, and the Chinese prize it for its health qualities. Demand from these two sectors and others is driving the already huge market for agarwood - the world's most expensive wood, which has long been used for holistic health and wellness.

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