Eucapacific is a company formed by two Japanese corporations (Mitsubishi and Sumitomo Corporation) and a Chilean-Ecuadorian company named Expoforestal. Operating in Ecuador since the year 2000, it has plans to establish 30,000 hectares of eucalyptus plantations in the Esmeraldas Province, aimed at providing timber to feed a Japanese pulp mill and to act as carbon sinks -while trees grow- to compensate the emissions of the Japanese Electric Power Development company.
Eucapacific has caused deforestation and has set plantations around two national parks of high biological diversity. Various water courses located in the Eucapacific plantations flow into the mangroves and the reproduction and survival of endemic species to the mangrove system are affected due to pollution.
Installed through an aggressive process of buying up land, initially from the owners of medium-sized plots of between 500 and 2000 hectares and later from smaller property owners. They are offered good prices for their lands and promised employment. There have been frequent cases in which the peasants have been obliged to accept ridiculously low prices for their lands simply by preventing them from having access to their properties by the purchase of adjacent land.
Work promised to the local population is notoriously absent. Working conditions are terrible.