Deal #7235

Location #1

Spatial accuracy level
Coordinates
Latitude
4.2918
Longitude
-73.0528
Facility name
Finca Campoalegre
Target country
Colombia
Contract area
Comment on location
The deal originates from Deal 1074. It related to a join venture of several companies for the development of a biodiesel refinery. Nonetheless, the size of the refinery was 8 hectares and some of the participants acquired the land previous to 2000. These polygons refers to the land acquired by Hacienda La Cabaña SA in 2003. The polygons are obtained from official cadastre data and comparing the images at the website of the company. It is possible that some polygons do not belong to the company, even though the satellite imagery exhibit continuous oil palm plantations. Source: https://www.lacabana.com.co/en/location/

Land area

Intended size (in ha)
14757.0
Size under contract (leased or purchased area, in ha)
[2018] 14757
Comment on land area
The size of the land acquisition is obtained from the sum of the different polygons that compound the Finca Campoalegre. It is not completely certain whether all plots belong to the company, although they exhibit a continuous plantation according to satellite imagery and a broad image published by the company on its website. The company is applying for a RSPO certification and accounted 7729 hectares for oil palm cultivation. Nonetheless, they might include land from a plot acquired previous to the 2000. The number displayed here relates only to land acquired in 2003

Intention of investment

Intention of investment
[2018] Non-food agricultural commodities (14757 ha)

Nature of the deal

Nature of the deal
Outright Purchase
Comment on nature of the deal
The information on the company is quite broad and the type of land transfer is not completely clear.

Negotiation status

Negotiation status
[2019] Concluded (Contract signed)
Comment on negotiation status
According to the company's website

Implementation status

Implementation status
[2019] In operation (production)

Number of total jobs created

Jobs created (total)
Yes
Current number of employees (total)
[2019] 207
Comment on jobs created (total)
This number relates only to the finca Campoalegre, which was bought in 2003

Operating company

 

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Data source #1

Data source type
Company sources
File
Publication title
Hacienda La Cabaña - History
Date
2019-10-14

Data source #2

Data source type
Company sources
File
Publication title
Hacienda La Cabaña - Location
Date
2019-10-14

Data source #3

Data source type
Other (Please specify in comment field)
File
Date
2019
Comment on data source
Application form for the RSPO certification

Promised benefits for local communities

Promised benefits for local communities
Financial Support
Comment on promised benefits for local communities
Technical assistance, access to inputs (fertilizers), trainings on sustainability.

Materialized benefits for local communities

Materialized benefits for local communities
Financial Support
Comment on materialized benefits for local communities
Technical assistance, access to inputs (fertilizers), trainings on sustainability.

Detailed crop, animal and mineral information

Crops area
[2018] Oil Palm (14759 ha)
Comment on crops
The oil palm area refers to the polygon area and the juxtaposition to satellite imagery. The number is uncertain.

Use of produce

Domestic use
100

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
The company has its own extraction mill and the produce is delivered to a biodiesel refinery established within a join venture with other companies with land in the Eastern Plains of Colombia.
Processing facilities / production infrastructure of the project (e.g. oil mill, ethanol distillery, biomass power plant etc.)
The company has its own extraction mill and the produce is delivered to a biodiesel refinery established within a join venture with other companies with land in the Eastern Plains of Colombia.

Overall comment

Overall comment
This deal origins from deal 1074. It was linked to a biodiesel refinery established in a Free Trade Zone that had no plantations and had only 8 hectares. This company is one of the participants in the join venture. It holds several thousands hectares of land on the Eastern Plains of Colombia. Although not all the land was acquired after 2000, it is certain that the plot known as Campo Alegre in the municipality of Cabuyaro, Meta, was acquired in the year 2003. By comparing official cadastre data, satellite imagery and the pictures uploaded in the company's website, it is possible to assure that this landholding has approximately 15000 hectares. This number is not completely accurate and all the plots shown here do not necessarily belong to the company!.

Oct. 14, 2019, 7:43 p.m.

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