Please note: you are viewing an old version of this deal. The current version can be found here: Deal #3850

Deal #3850 Version #64234

Senegal
Created at
2013-08-19
Last update
2019-12-09
Last full update
2024-01-15

Land area

Intended size
50 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 50000.0 ha
Comment on land area
One report states 5,000 hectares of land under contract, which could be increased to 50,000ha.

Intention of investment

Intention of investment
  • [current] Biomass for biofuels

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)
Comment on negotiation status
56.7 million Euro investment

Implementation status

Implementation status
  • [2010] Startup phase (no production)
  • [2011] In operation (production)
  • [2015, current] Project abandoned
Comment on implementation status
According to the company a lease agreement has been signed with the Senegal government and planting has started. The company declared bankruptcy on 21/05/2015.

Contract farming

Contract farming
No