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Deal #1165 Version #51644

Congo, Rep.

Created at

2013-02-15

Last update

2020-07-01

Last full update

2024-04-10

Land area

Intended size

300 000 ha

Size under contract (leased or purchased area)

[2013, current] 50000.0 ha

Size in operation (production)

[2015, current] 3500.0 ha

Comment on land area

Fri El Green originally leased 4000ha existing oil palm plantations, plus an agreement with Congo state to develop a further 40000 over 30 years. Eco Oil Energy leased 50 000hectares with an expansion up to 300 000ha within the next eight years. Another report states 70000ha intended size. Plan is to plant 5000hectares of oil palm per annum.

Intention of investment

[current] Biomass for biofuels, Food crops, Non-food agricultural commodities, Agriculture unspecified

Comment on intention of investment

The company plans to produce crude oil, refined palm oil, palm kernel oil, margarine, cosmetics, soap, animal feed and also biofuel.

Nature of the deal

Lease

Negotiation status

[2013, current] Concluded (Contract signed)

Comment on negotiation status

Fri El Green Power (Italy) originally signed the contract in 2008, with consultation occurring in May 2009. The government cancelled the contract due to the failure of the company to meet the contractual commitments. Eco Oil Energy Congo signed a new lease with the government in 2013 for the land which formerly belonged to Sangha Palm Company and the Congo National Palm Plantations Authority, which was previously leased by Fri El Green. Lease duration for Fri El Green was initially 30 years (2008).

Implementation status

[current] In operation (production)

Comment on implementation status