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23 major foreign bioenergy investments in developing countries
March 15, 2012

Cameroon – 200,000 hectares by Biopalm Energy of India: Biopalm Energy is a subsidiary of Singapore-based SIVA Group, owned by Indian billionaire C. Sivasankaran. The company is also seeking 80,000 ha in Sierra Leone and other lands in Ghana, Argentina, Côte d’Ivoire and DR Congo to produce palm oil for export to India. In February 2011, Biopalm acquired a 50 percent stake in the Liberian operations of Equatorial Palm Oil, which has 169,000 ha of land in the country.

Liberia – 169,000 hectares by Equatorial Palm Oil of the United Kingdom: EPO has three concessions between Buchanan and Greenville, totaling 169,000 ha. In February 2011, the company’s Liberian palm oil plantations and assets were incorporated into a 50-50 joint venture with Biopalm Energy, a Singaporean company controlled by Indian billionaire C. Sivasankaran, which has recently acquired other large-scale palm oil concessions in Cameroon and Sierra Leone.

Sierra Leone – Biopalm Energy is a subsidiary of Singapore-based SIVA Group, owned by Indian billionaire C. Sivasankaran. The company is also seeking 80,000 ha in Sierra Leone and other lands in Ghana, Argentina, Côte d’Ivoire and DR Congo to produce palm oil for export to India. In February 2011, Biopalm acquired a 50 percent stake in the Liberian operations of Equatorial Palm Oil, which has a land bank of 169,000 ha in the country.