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.
Over-developed, over-populated, and land and water scarce Asian and Middle East nations embark upon global land grab to produce food and agrofuels; threatening global human rights, rainforest and other natural ecosystems, and regional and global ecological sustainability. Deadly global ecological issues require global citizens to unite in escalating protest action!
Liberia's $800 million palm and rubber deal with Malaysian firm Sime Darby will create 20,000 much needed jobs in the West African country
Malaysia's biggest company Sime Darby has struck a deal with the Liberian government to develop oil palm and rubber estates in West African nation as land runs out at home and global demand for palm oil surges.
