The UK-based EPO has almost 170,000 ha of land suitable for sustainable crude palm oil cultivation and its aim is to be a 100,000 ha producer with output totalling 250,000 tonnes per annum.
Liberia conference decries the negative impacts from the increasing amount of land being targeted for large scale monoculture plantation in Africa in recent years.
"Here’s what I’m sure of: these deals will make the rich richer and the poor poorer, creating clear winners who benefit while the losers are denied their livelihoods."
Indonesian global palm oil giant, Golden Agri-Veroleum will invest more than US$1.6 billion dollars on more than 240,000 hectares of oil palm to boost the country’s oil palm sector.
Sime Darby, which is expected to employ an estimated 22,000 Liberians over the next 10 years, will cultivate roughly 220,000 hectares of land in four counties including Gbarpolu, Bomi, Grand Cape Mount and Bong.
Golden VerOleum plans to acquire 200,00 hectares in south-eastern Liberia. The target areas are Grand Kru, Maryland, River Cess, River Gee and Sinoe counties. The export plans are based on a plantation system in which there are about 10 hectares for each worker.
"Without significant road improvements, it is unlikely that the ADA rice will reach markets in Maryland, River Gee, or Grand Kru and Liberia will continue with an insecure food supply."
Sime Darby Bhd, which owns 220,000ha of oil palm estates in Liberia, plans to strengthen its presence on the African continent and is eyeing more land in Cameroon, Congo and South Africa. The expansion is part of a long-term strategy to double planted areas to one million hectares and be nearer to the growing markets of Europe and the US.
Sime Darby Plantation Sdn Bhd is exploring opportunities in other African countries besides Liberia for its palm oil business expansion.
EBF, which Agriterra will acquire, has land holdings of more than 169,000 hectares in Liberia, West Africa.
The recently signed $800 million United States dollars Concession contract between the government of Liberia and the multinational conglomerate, Sime Darby, is raising questions in counties to be affected.
Full text of the agreement for a rubber and oil palm concession between Liberia and Malaysia's Sime Darby, covering 311,187 ha.
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