Deal #8044

Indonesia
Created at
2020-06-29
Last update
2021-10-03
Last full update
2021-10-03

Land area

Size under contract (leased or purchased area)
  • [2004, current] 20153.0 ha
Size in operation (production)
  • 18873.0 ha
  • [2019, current] 18083.0 ha
Comment on land area
This land deal consist of five estates: 4660 ha in Terawan Estate (TRWE), 3378 ha in Sungai RungauEstate (SRGE), 4210 ha in Sungai Seruyan Estate (SSRE), 3997 ha in Tangar Estate (TNGE) and 2628 ha in Bukit Tiga Estate (BTGE). However, although there are four estates the land was acquired as one.

Intention of investment

Intention of investment
  • [2004, current] Biomass for biofuels, Food crops, Non-food agricultural commodities (20153.0 ha)

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2004, 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.