Deal #7064

Colombia
Created at
2019-06-25
Last update
2023-09-18
Last full update
2023-09-18

Land area

Size under contract (leased or purchased area)
  • [2010, current] 410 ha
Size in operation (production)
  • [2018, current] 100 ha
Comment on land area
According to sources 3 and 7 the purchase of 410 hectares was done in 2010 and according to sources 4 and 5 in 2018 the experimental field was inaugurated

Intention of investment

Intention of investment
  • [2010, current] Biomass for biofuels (410 ha)
Comment on intention of investment
According to sources 3 and 7 the purchase of 410 hectares was done in 2010 and according to sources 4 and 5 in 2018 the experimental field was inaugurated to develop research on oil palm and water resources

Nature of the deal

Nature of the deal
Outright purchase

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [2018, current] In operation (production)
Comment on implementation status
According to sources 3 and 7 the purchase of 410 hectares was done in 2010 and according to sources 4 and 5 in 2018 the experimental field was inaugurated to develop research on oil palm and water resources.

Purchase price

Purchase price
16 000 000
$
for specified area
Purchase price area
410 ha
Comment on purchase price
according to source 1 in the Palmar de La Sierra Experimental Field, Fedepalma and Cenipalma have invested more than $16 billion, and projected investments in the medium term exceed another $13 billion.

Contract farming

Contract farming
No