Background
In 2007 Thai oil palm company UPOIC entered into a joint venture with CIRAD (Centre de Cooperation Internationale en Recherche Agronomique pour le Developpement), to form Siam Elite Palm Co., Ltd. (SEP)CIRAD, a public establishment of the French government as Agricultural Research Centre for International Development, has over 50 years experience, technology, knowledge and expertise in research and development for oil palm, following on in the steps of IRHO. CIRAD created a subsidiary dedicated to oil palm breeding and seed distribution, PALMELIT SAS who received the shares of CIRAD in Siam Elite Palm.