Deal #8008

Indonesia
Created at
2020-06-26
Last update
2021-10-03

Land area

Size under contract (leased or purchased area)
  • [2006-12-20, current] 17595.0 ha
Size in operation (production)
  • [current] 17595.0 ha
Comment on land area
Based on satellite imagery the whole concession area is planted.

Intention of investment

Intention of investment
  • [2006-12-20, current] Biomass for biofuels, Food crops, Non-food agricultural commodities (17595.0 ha)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2006-12-20, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] In operation (production)
Comment on implementation status
(2019) The company is operating illegally without a permit, no mention if the operation was stopped or if they have applied for a permit to continue the operation legally.

Contract farming

Contract farming
No
Comment on contract farming
"Head of the Central Kalimantan Plantation Service, Rawing Rambang, confirmed that PT Binasawit Abadi Pratama (BAP) does not yet have a plasma plantation. In fact, plasma is required for every plantation company that has a business license."