Deal #2006

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

Land area

Intended size
20 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 10000 ha
Size in operation (production)
  • [2011, current] 1200 ha
Comment on land area
Another source states 20 000 ha size under contract. 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
  • [2010, current] Food crops (10000 ha)

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. The assets have been transferred to a privately owned entity.

Contract farming

Contract farming
No