Deal #449

Philippines

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Created at

2013-02-15

Last update

2021-09-20

Last full update

2021-09-20

Land area

Intended size

1 000 000 ha

Intention of investment

[current] Biomass for biofuels, Food crops

Nature of the deal

Comment on nature of the deal

The two companies have committed to provide financial and technical expertise in the development and cultivation of government land and guarantee to buy all food products.

Negotiation status

[2008, current] Intended (Under negotiation)

Comment on negotiation status

In 2008 the investors agreed to form a joint venture to develop farm land (one million ha) in collaboration with the Philippine Government. In 2010, the Department of Environment and Natural Resources and the Department of Agriculture assisted in the identification of lands to be utilized for the food project

Contract farming

Yes