Deal #5129
Benin
Created at
2016-07-25
Last update
2022-08-31
Last full update
2022-08-31
Land area
Intended size
4 800 ha
Size under contract (leased or purchased area)
- [2011, current] 4800 ha
Intention of investment
Intention of investment
- [2011, current] Biomass for biofuels (4800 ha)
Comment on intention of investment
sugarcane and manioc plantation
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 haComment on leasing fee
Data from a book (not official source).
Contract farming
Contract farming
Yes
Not on leased / purchased (out-grower)
Yes
Comment on contract farming
Had planed to engage in contract farming for Cassava.