Please note: you are viewing an old version of this deal. The current version can be found here: Deal #5129

Deal #5129 Version #71106

Benin
Created at
2016-07-25
Last update
2021-11-08
Last full update
2022-08-31

Land area

Intended size
4 800 ha
Size under contract (leased or purchased area)
  • [2011, current] 4800.0 ha

Intention of investment

Intention of investment
  • [2011, current] Biomass for biofuels (4800.0 ha)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2011, current] Concluded (Contract signed)

Implementation status

Implementation status
  • Project not started
  • [2014, current] Project abandoned
Comment on implementation status
The law was passed in 2013 limiting all land transfers to 1000ha. The company had subsequent meetings with the government and their lawyers. In 2014 the company announced that the project was abandoned due to a lack of feedstock (without company plantations)

Leasing fees

Annual leasing fee
25
$
per ha
Comment on leasing fee
Data from a book.

Contract farming

Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Comment on contract farming
Cassava