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Deal #1071

Location #1

Spatial accuracy level
Administrative region
Location
Codazzi, Agustín Codazzi, Cesar, Colombia

Target country
Colombia
Comment on location
CESAR,, CODAZZI,,, Coordinates: 10.03217, -73.253291

Land area

Size under contract (leased or purchased area, in ha)
[2015] 15555
Size in operation (production, in ha)
[2015] 15555
Comment on land area
This size corresponds to the cultivated surface but not necesarrily to the owned surface. Oleoflores owns land and also plant palm through contracts with farmers. The oil palm production capacity is 169000 Lt per day. The land is located in Agustin Codazzi (North).

Intention of investment

Intention of investment
Biofuels

Nature of the deal

Nature of the deal
Outright Purchase
Lease

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)
Comment on negotiation status
Oleoflores businness seems to be progressing. It is constrcuting a big oil palm transformation factory (with military protection).

Implementation status

Implementation status
[2008] In operation (production)
Comment on implementation status
The company has owned land and also it has productive and social alliances with small farmers that they sold the production to the company.

Number of domestic jobs created

Jobs created (domestic)
Yes
Current number of jobs (domestic)
6666

Operating company

Operating company
Comment on investment chain
One of the principal investors in Oleoflores SA is Carlos Murgas Guerrero, ex minister of agriculture, who controls himself about 9,900 acres of palm plantings. Murgas benefited from a $1 million grant from USAID to plant oil palm through contracts between farmrs and Oleoflores. In January 2008, Murgas and Oleoflores opened Colombia's first biodiesel factory.

 

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Data source #1

Data source type
Media report
File
Date
2011-01-01
Comment on data source
Federación colombiana de biocombustibles website

Data source #2

Data source type
Company sources
File

Data source #3

Data source type
Media report
File

Data source #4

Data source type
Personal information
Includes in-country-verified information
Yes

Data source #5

Data source type
Research Paper / Policy Report
File
Date
2009-01-01

Data source #6

Data source type
Media report
File
Date
2011-01-01

Data source #7

Data source type
Media report
File

Data source #8

Data source type
Media report
File

Data source #9

Data source type
Company sources
File

Data source #10

Data source type
Company sources
File

Detailed crop, animal and mineral information

Crops area
Oil Palm

Overall comment

Overall comment
Import of error check - Reviewer's overview comment: In 2007, the government of Alvaro Uribe made a law mandating a 10 percent biofuel blend for domestically distributed diesel. This strong political support boosted oil palm production in Colombia, and therefore land adquisitions and land pressure. Palm is promoted by authorities as an alternative to coca cultivation and its progress as being parallel to success in fight against FARC guerrilla.

June 18, 2019, 3:27 p.m.

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June 18, 2019, 3:25 p.m.

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June 18, 2019, 3:24 p.m.

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Feb. 7, 2018, 9:27 p.m.

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Feb. 16, 2016, 9:19 p.m.

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Feb. 16, 2016, 9:14 p.m.

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May 2, 2013, 2:12 a.m.

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Feb. 15, 2013, 5:01 p.m.

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