Australian government starts testing the growth of different trees as part of a regional development program
Santalum album shows promising potential which results in the first commercial scale plantations being initiated in 1990’s
Integrated Tree Cropping (ITC) is founded and
becomes one of the largest private owners and managers of hardwood plantations in Australia
ITC commences its first plantation of Santalum album
Elders Limited becomes the major shareholder of ITC and buys out the founders
Santanol is founded.
Santanol starts to develop 370 hectares of Santalum album in Kununurra
Santanol acquires Elder’s Santalum album plantation, and consolidates its assets resulting in a major plantation spanning over 2,000 hectares
Global equity firm Kohlberg Kravis Roberts & Co L.P. (KKR) becomes the majority shareholder of Santanol.
Santanol conducts its first harvest, establishes a pilot oil distillation facility and starts production of oil.
Santanol sets up full-scale oil distillation factory in Perth and becomes a global leader in the production and supply of Santalum album oil and its derivative products while acquiring more land to extend the estate.