Deal #4521 Version 68133 Version 93902
Intended size
14β€―297 ha
Size under contract (leased or purchased area)
  • [2013] 14437.0 ha
  • [2016, current] 16937.0 ha
  • [2013] 14437 ha
  • [2016, current] 16937 ha
Size in operation (production)
  • 3600.0 ha
  • [2020] 7247.0 ha
  • [2020, current] 7706.0 ha
  • 3600 ha
  • [2020] 7247 ha
  • [2020] 7706 ha
  • [current] 11β€―436 ha
Comment on land area
The guardian states 15000ha (company website states new acquisition of 14,437 Ha and another 2,500Ha). RSPO documentation indicates 14,436.823 ha acquired in 2013. Additional land acquired in 2016.
The guardian states 15000ha (company website states new acquisition of 14,437 Ha and another 2,500Ha). RSPO documentation indicates 14,436.823 ha acquired in 2013. Additional land acquired in 2016. A new acquisition of 14,297 ha and another 2,500 ha in Orhiomwon local government area of Edo state has added to the company's land bank. 11,436ha derived from polygon.
Intention of investment
  • [2016, current] Non-food agricultural commodities, Agriculture unspecified (16937.0 ha)
  • [2016, current] Non-food agricultural commodities, Agriculture unspecified (16937 ha)
Comment on intention of investment
Cultivation of palm oil- Specialize in fats and oil
Carbon offset project
No
Comment on materialized benefits for local communities
Grading of roads
Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.)
The company has palm oil mill, palm kernel crushing plant , vegetable oil refining and fractional plant. Palm oil Mill expansion to 90ton/ hour in 2020: To cater to its expansion needs from its four Palm plantation estates (Obaretin, Ologbo, Cowan and Sakponba) with total planted area of 24,000 hectares.
Overall comment
RSPO Membership No.1-0005-04-000-00
RSPO Membership No.1-0005-04-000-00. Has four Palm plantation estates (Obaretin, Ologbo, Cowan and Sakponba)
Fully updated
No
Yes

Location #v_l3r94j

areas
unknown field: location.areas
unknown field: location.areas

Data source #qnnr7p7T

Url
Publication title
Company profile
Organisation
siat-group
Comment on data source
Siat Website- Company profile
Siat Website- Company profile Page not found http://www.siat-group.com/company-profile/

Data source #VAmStULU

Organisation
guardian

Data source #xkXy8d4L

Organisation
vanguar dngr

Data source #IlC2AGsn

Date
2021-09-03
Organisation
presco

Data source #KBfhHtpC

File
Type
Research Paper / Policy Report
Url
Keep PDF not public
No
Publication title
Nigeria Palm Oil Sector. (Okomuoil.NL & Presco.NL)
Date
2019-04-17

Data source #aeI6DTto

File
Type
Company sources
Url
Keep PDF not public
No
Publication title
Condensed Interim Financial Statements For the twelve months ended 31 December, 2022
Date
2022-12-31
Organisation
PRESCO PLC

Data source #IRWuHwm_

File
Type
Media report
Url
Keep PDF not public
No
Publication title
Presco posts record N83.1bn annual revenue as Russia-Ukraine War spurs palm oil boom
Organisation
Premium Times Nigeria