Deal #3734

Location #1

Spatial accuracy level
Administrative region
Location
Cuvette, Congo

Target country
Congo, Rep.

Location #2

Spatial accuracy level
Administrative region
Location
Cuvette-Ouest, Congo

Target country
Congo, Rep.

Land area

Intended size (in ha)
60000.0
Size under contract (leased or purchased area, in ha)
[2012] 60000
Comment on land area
Investment to the value of $201 million, unclear how this will be raised.

Intention of investment

Intention of investment
Biofuels

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
[2012] Concluded (Contract signed)
Comment on negotiation status
MoU signed February 2012

Implementation status

Implementation status
Project abandoned
Comment on implementation status
The company, which has no previous experience in agriculture. It is not clear how the company intends to raise financing for the project.

Number of domestic jobs created

Jobs created (domestic)
Yes
Planned number of jobs (domestic)
20000

Operating company

Comment on investment chain
Also known as IBECO Corporación

 

Network of parent companies and tertiary investors/lenders. Please right-click the nodes to get more details.

Legend
  • Is parent company of
  • Is tertiary investor/lender of
  • Left-click to reveal related parent companies and tertiary investors/lenders.
  • Right-click on investors to get more information.
  • Left-click to hide related parent companies and tertiary investors/lenders.

Data source #1

Data source type
Media report
File
Date
2012-02-27
Comment on data source
Spanish Biofuel Producer to Invest 150 Million Euros in Congo- Robert Mbakou

Data source #2

Data source type
Research Paper / Policy Report
File
Comment on data source
Rainforest foundation - Seeds of destruction

Data source #3

Data source type
Media report
File
Date
2012-02-28
Comment on data source
Biocongo Global Trading to invest $201M in Congo oil palm, biodiesel- Meghan Sapp

Data source #4

Data source type
Research Paper / Policy Report
File
Comment on data source
LAND GRABBING FOR BIOFUELS MUST STOP: February 2013 Aerial photo of the lands taken by Addax Bioenergy for its sugar cane plantation in Sierra Leone. (Photo: Le Temps) Grain- EU biofuel policies are displacing communities and starving the planet- February 2013

Data source #5

Data source type
Research Paper / Policy Report
File
Comment on data source
Grain- Planet Palm Oil, September 2014

Data source #6

Data source type
Research Paper / Policy Report
File
Publication title
Communities in Africa fight back against the land grab for palm oil
Date
2019-09-19

Detailed crop, animal and mineral information

Crops area
Oil Palm

Use of produce

Has domestic use
Yes
Has export
Yes

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
One plant will produce palm oil used in cooking for the domestic market and the other will manufacture biofuel.

Overall comment

Overall comment
One media report (http://www.biofuelsdigest.com/bdigest/2012/02/28/biocongo-global-trading-to-invest-201m-in-congo-oil-palm-biodiesel/) places this project in the DRC, which is copied into a Grain report "Land grabbing for Biofuels must stop"

Oct. 7, 2019, 2:37 p.m.

overwritten

This version

Compare with previous version

Oct. 7, 2019, 2:36 p.m.

overwritten

Show this version

Compare with previous version

Dec. 5, 2014, 8:51 a.m.

overwritten

Show this version

Compare with previous version

Oct. 21, 2014, 2:40 p.m.

overwritten

Show this version

Compare with previous version

March 10, 2014, 4:18 p.m.

overwritten

Show this version

Compare with previous version

July 2, 2013, 10:45 a.m.

overwritten

Show this version

Compare with previous version

May 20, 2013, 2:53 p.m.

active

Show this version

First version

There are no comments to this deal yet.

Add a comment

(mandatory)
(mandatory)
(mandatory)

I've read and agree to the Data Policy.