Deal #840

Location #1

Spatial accuracy level
Administrative region
Location
Sayaxché, Guatemala

Target country
Guatemala
Comment on location
Tierra Blanca

Location #2

Spatial accuracy level
Administrative region
Location
Ixcán, Guatemala

Target country
Guatemala

Land area

Intended size (in ha)
25000
Size under contract (leased or purchased area, in ha)
[2015] 7500
Size in operation (production, in ha)
[2015] 7500
Comment on land area
According to another source the company had aquired 5500 ha by 2007

Intention of investment

Intention of investment
Biofuels, Food crops

Nature of the deal

Nature of the deal
Outright Purchase
Lease

Negotiation status

Negotiation status
[2007] Concluded (Contract signed)
[2011] Concluded (Contract signed)
Comment on negotiation status
after 2007

Implementation status

Implementation status
[2007] In operation (production)

Purchase price

Comment on purchase price
According to community representatives, land purchase has been combined with long-term leases, under which Palmas del Ixcán makes an annual payment of 700 to 1,200 quetzals per manzana (approximately $90–150 a year per hectare) in Sayaxché and in Chisec, respectively.

Contract farming

Contract farming
Yes
Not on leased / purchased area (out-grower)
Yes
Not on leased / purchased area (out-grower, in ha)
2100
Comment on contract farming
There are 2100 has of production under contract with independent producers. Palmas del Ixcan will also develop a 4,000 hectare Independent Producers Project to provide additional economic and entrepreneurial opportunities in the region.

Number of total jobs created

Jobs created (total)
Yes
Planned number of jobs (total)
4000

Operating company

 

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Data source #1

Data source type
Media report
File
Date
2008-06-04

Data source #2

Data source type
Media report
File

Data source #3

Data source type
Research Paper / Policy Report
File

Data source #4

Data source type
Research Paper / Policy Report
File

Data source #5

Data source type
Media report
File

Data source #6

Data source type
Media report
File
Date
2008-06-17

Data source #7

Data source type
Other (Please specify in comment field)
File
Date
2013-05-14
Comment on data source
Submission of Annual Communications of Progress (ACOP) for the Roundtable of Sustainable Palm Oil

Data source #8

Data source type
Research Paper / Policy Report
File
Date
2013-12-18
Comment on data source
(web access) acquisition details

Data source #9

Data source type
Research Paper / Policy Report
File

Data source #10

Data source type
Research Paper / Policy Report
File

Data source #11

Data source type
Research Paper / Policy Report
File

Data source #12

Data source type
Media report
File

Data source #13

Data source type
Research Paper / Policy Report
File

Data source #14

Data source type
Company sources
File

Data source #15

Data source type
Company sources
File

Data source #16

Data source type
Media report
File

Consultation of local community

Community consultation
Free, Prior and Informed Consent (FPIC)

How did the community react?

Community reaction
Mixed reaction

Promised benefits for local communities

Comment on promised benefits for local communities
The Palmas del Ixcan project will have sweeping economic benefits and social development contributions for the local economy and region, bringing in an estimated $11 million during the first year of production, with an increasing financial impact each additional year in direct and indirect investments. The project will provide the establishment of a savings and loan program for its employees, resettlement packages to squatters, land and materials to build schools, markets and waste water management facilities, services for public roads and fuel for villager's machinery. Palmas del Ixcan has allocated approximately $3 million to establish a private preserve of all primary forestland located on its plantations

Former land owner (not by constitution)

Former land owner
Private (smallholders)
Private (large-scale farm)

Former land use

Former land use
Commercial (large-scale) agriculture
Smallholder agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Oil Palm

Use of produce

Has export
Yes

In country processing of produce

In country processing of produce
Yes
Comment on in country processing of produce
AGF (Agrofuel production)

Water extraction envisaged

Water extraction envisaged
Yes
Comment on water extraction envisaged
The environmental commission of the municipality of Ixcán was concerned with soil and water contamination caused by the expansion of oil palm cultivation.

Feb. 28, 2018, 11:43 p.m.

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May 4, 2016, 5:27 p.m.

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Jan. 25, 2016, 8:29 p.m.

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Jan. 8, 2015, 4:44 p.m.

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Dec. 19, 2013, 3:01 a.m.

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May 16, 2013, 1:42 p.m.

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March 19, 2013, 11:21 p.m.

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Feb. 15, 2013, 5 p.m.

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