Deal #3760

Location #1

Spatial accuracy level
Administrative region
Location
El Castillo, Nicaragua

Target country
Nicaragua

Land area

Size under contract (leased or purchased area, in ha)
[2016] 5500
Size in operation (production, in ha)
[2016] 4389
Comment on land area
In December 2009 PALCASA had an overall area of around 5,500 ha, assigned to different land uses: 4,118 ha gross production palm area (3,921 ha net production palm area), 1,074 ha natu-ral forests, 244 ha multipurpose land use and 27 ha other uses (mainly industrial plant). Be-tween December 2009 and September 2010 some 20 ha of new palm area have been estab-lished.

Intention of investment

Intention of investment
Biofuels
Comment on intention of investment
Palm plantation and oil plant (crude oil) The investor produce crude oil, end product is e.g. edible oil and soap.

Nature of the deal

Nature of the deal
Outright Purchase

Negotiation status

Negotiation status
[2005] Concluded (Contract signed)
Comment on negotiation status
PALCASA started to purchase lands from 2005 until 2010.

Implementation status

Implementation status
[2006] In operation (production)

Number of total jobs created

Jobs created (total)
Yes
Current number of jobs (total)
[2009] 460
Current number of employees (total)
[2009] 310
Comment on jobs created (total)
310 employees, 150 service providers

Operating company

Comment on investment chain
PALCASA started to purchase lands from 2005 until 2010.

 

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Data source #1

Data source type
Company sources
File
Date
2013-05-29

Data source #2

Data source type
Personal information
Date
2013-06-03
Includes in-country-verified information
Yes

Data source #3

Data source type
Company sources
File

Data source #4

Data source type
Company sources
File

Data source #5

Data source type
Company sources
File

Data source #6

Data source type
Research Paper / Policy Report
File

Data source #7

Data source type
Personal information
Date
2016-12-06
Includes in-country-verified information
Yes

Data source #8

Data source type
Research Paper / Policy Report
File

How did the community react?

Community reaction
Mixed reaction

Promised benefits for local communities

Promised benefits for local communities
Education
Roads
Other
Comment on promised benefits for local communities
taxes

Former land owner (not by constitution)

Former land owner
Private (smallholders)
Private (large-scale farm)

Former land use

Former land use
Commercial (large-scale) agriculture
Smallholder agriculture
Forestry
Comment on former land use
Peasants and co-operatives

Former land cover

Former land cover
Cropland
Forest land

Detailed crop, animal and mineral information

Crops area
Oil Palm

Use of produce

Has domestic use
Yes

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
in Chinandega

Dec. 19, 2016, 8:25 p.m.

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March 3, 2016, 9:48 p.m.

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June 12, 2013, 6:08 p.m.

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June 4, 2013, 9:09 p.m.

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June 4, 2013, 9:07 p.m.

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