Deal #8009

Indonesia
Created at
2020-06-26
Last update
2024-12-18
Last full update
2024-12-18

Land area

Intended size
14 300 ha
Size under contract (leased or purchased area)
  • [2005] 14300 ha
  • [2011, current] 18000 ha
Size in operation (production)
  • [2013-08-26, current] 12787.3 ha
Comment on land area
RSPO NOTIFICATION OF PROPOSED NEW PLANTING in 2013 august stated that there is about 1,512.70 ha remaining area. in 2011, Socfin signed a 50-year land lease agreement with the government of Sierra Leone and the local Chiefdom authority, which handed more than 18,000 hectares of land over to the company –and that’s nearly 70 percent of the Chiefdom’s total area.

Intention of investment

Intention of investment
  • [2005, current] Biomass for biofuels, Food crops, Non-food agricultural commodities (14300 ha)

Carbon offset project

Carbon offset project
No

Nature of the deal

Nature of the deal
Lease
Comment on nature of the deal
Socfin signed a 50-year land lease agreement with the government of Sierra Leone and the local Chiefdom authority that’s nearly 70 percent of the Chiefdom’s total area

Negotiation status

Negotiation status
  • [2005, current] Concluded (Contract signed)

Implementation status

Implementation status
  • [current] In operation (production)

Contract farming

Contract farming
No