Lokutu is the Company’s largest plantation at 63,560 hectares and is situated at 1°8'53.00"N 23°36'46.79"E, alongside the Congo River in the Orientale province of the DRC. It is 1,530 km by river from Kinshasa, the Country’s capital city, and 210 km from Kisangani, the Country’s third largest city. Kisangani is an important trading hub in the North East of the DRC with a population of around 1 million people and an airport with regular flights to Kinshasa and other towns and cities in the DRC.
Lokutu is made up of three estates (Lokutu, Mosite and Lokumete) consisting of eight concessions which PHC has leased from the DRC Government since the 1920s. As at January 1, 2015 Lokutu had a planted area of 11,727 ha of oil palm of which 6,307 ha were immature and 5,420 ha mature.
Despite being over 63,000 hectares in size, a large amount of the Lokutu plantation will never be planted on as it contain wild life buffer zones, areas of high conservation value, roads, villages and other areas unsuitable for planting. Feronia is working with environmental advisers to accurately map its plantations and establish its future replanting strategy.
Lokutu has a palm oil mill with a 15 tonnes of fresh fruit bunch per hour capacity and produces CPO and PKO. In 2015, Feronia is installing a new fiber powered boiler at its Lokutu mill which will use the fibre by-product of the palm oil production process as fuel which will power turbines to generate electricity. The installation of fibre boilers is expected to greatly reduce the Company’s reliance on expensive and imported fossil fuels and will contribute to the Company’s commitment towards environmental and sustainability good practice.
In 2014, Lokutu produced 7,270 tonnes of CPO and 498 tonnes of PKO, all of which was sold in the DRC.