Please note: you are viewing an old version of this deal. The current version can be found here: Deal #9769
Deal #9769 Version #88836
Congo, Rep.
Created at
2022-12-15
Last update
2022-12-15
Last full update
2024-06-11
Land area
Size under contract (leased or purchased area)
- [2020-11-03, current] 40000 ha
Size in operation (production)
- [current] 1000 ha
Comment on land area
discrepancies between the number of hectares specified in the contract and the number mentioned in Total’s press release
Area listed on Forêt Ressources Management (FRM) website is 55,000 ha. 70,089 hectare of land declassified from public land to private land in 2020. Some sources say that this was then granted to the investor. Other sources mention 40 000ha.
Intention of investment
Intention of investment
- [2020-11-03, current] For carbon sequestration/REDD, Timber plantation for wood and fiber (40000 ha)
Comment on intention of investment
developing a 40,000-hectare (99.000-acre) forest in the Republic of Congo that will sequester 500,000 tons of carbon per year.
development of natural carbon sinks in Africa. These activities build on the priority initiatives taken by the Group to avoid and reduce emissions, in line with its ambition to get to net zero by 2050. Total has claimed the credits will be accredited under the Verified Carbon Standard scheme
Nature of the deal
Nature of the deal
Lease
Comment on nature of the deal
leased the land from the Congolese government
Negotiation status
Negotiation status
- [2020-11-03, current] Concluded (Contract signed)
Implementation status
Implementation status
- [2021] Startup phase (no production)
- [current] In operation (production)
Comment on implementation status
Planting began towards the end of 2021.
"An environmental and social impact assessment for the project is currently underway, the spokesperson said, but despite the fact that some trees have already been planted, it’s still “several months” from completion."
Leasing fees
Annual leasing fee
105 634
$
for specified areaComment on leasing fee
The yearly lease costs FNC $105,634, with an additional payment of $27,892 to a fund for local development. (information from: https://unearthed.greenpeace.org/2022/12/12/total-congo-offsetting-land-dispossessed/ a media report- unofficial source).
Contract farming
Contract farming
No