Please note: you are viewing an old version of this deal. The current version can be found here: Deal #2006

Deal #2006 Version #56620

Congo, Dem. Rep.
Created at
2013-02-15
Last update
2020-12-11
Last full update
2023-03-13

Land area

Intended size
100 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 10000.0 ha
Size in operation (production)
  • [2011, current] 1200.0 ha
Comment on land area
Another source states 20 000 ha. In early 2020, communities took over some 300 hectares of plantation that had been abandoned after Feronia’s bankruptcy and started their own palm oil processing.

Intention of investment

Intention of investment
  • [current] Food crops

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2010] Startup phase (no production)
  • [2011] In operation (production)
  • [2020, current] Project abandoned
Comment on implementation status
The Company has been undertaking a program of trial plantings of rice and bean crops since 2011, which have been sold commercially. In early 2020, communities took over some 300 hectares of plantation that had been abandoned after Feronia’s bankruptcy and started their own palm oil processing.

Contract farming

Contract farming
No