Australian company Timbercorp has said that it expects work on a new olive oil processing plant to start later this year. The plant, which will be built at Boort in Victoria, should have a processing capacity of 50,000 tonnes of olives per year once it is fully operational. Around 717,000 olive trees have been planted over 2,100 hectares, with a total of 3,500 hectares expected to be planted.