Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1098

Deal #1098 Version #51144

Angola
Created at
2013-02-15
Last update
2015-03-20
Last full update
2024-03-13

Land area

Intended size
30 000 ha
Size under contract (leased or purchased area)
  • [2006, current] 30000.0 ha
Size in operation (production)
  • [2012] 1000.0 ha
  • [2013, current] 1450.0 ha
Comment on land area
Various reports state different size under contract: 32000, 42000, 40000 and 50000. Ultimately 25000 hectares will be planted.

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Food crops, Renewable energy unspecified
Comment on intention of investment
Around 70% of Biocom’s sugar cane is turned into sugar. The remaining 30% is used for ethanol and the production of electricity.

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2006, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2012, current] In operation (production)
Comment on implementation status
Preparation of the land began in 2011.

Purchase price

Comment on purchase price
Investment of 25 billion kwanzas ($197.5 million) for the project.

Contract farming

Contract farming
No