Company name
Oleana Group
Project number
11907-03
Category A projects could result in potentially significant environmental and/or social risks and impacts, which are diverse, irreversible, or unprecedented that may extend beyond the boundaries of the actual project site or facilities. In principle, Category A includes projects which have significant impacts on protected or sensitive areas21 and/ or vulnerable groups.
E&S category
A
Country
Ecuador
Sector
Agribusiness
Status
Inactive
Disclosed date
01/31/2017
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
06/06/2017
Approval date
06/13/2017
Signed date
12/19/2017
Sponsoring entity
Agrícola Entreríos S.A.; Alcopalma S.A.; Comercializadora Internacional Ciecopalma S.A.; Extractora La Sexta S.A.; Extractococa Extractora Río Coca S.A.; Sudamericana de Aceites Vegetales y Refinados Sudavesa S.A. y Extracosta S.A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 11,100,000
Currency
USD
Project scope and objective
Oleana is in the process of expanding its operations, including: (a) the construction, operation and maintenance of a new refinery; (b) expand the extraction operation for palm crude oil (CPO) and palm kernel oil (PKO); (c) provide refinancing of existing financial debt and soft finance costs of the Project and (d) support permanent working capital needs.
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Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
EIA EXTRACOSTA.PDF
16.2 Mb
EIA FINAL SUDAVESA 2016.PDF
8.4 Mb
EIA GOLONDRINAS.PDF
6.6 Mb
EIA UPDATED BF-MAYO2017 GOLONDRINAS 0.PDF
10.4 Mb
EIA UPDATED EXTRACOSTA 0.PDF
9.7 Mb
EIA UPDATED SUDAVESA 0.PDF
12.0 Mb
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Contact information
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Client Contact
N/A
PHONE NUMBER
N/A
POST OFFICE ADDRESS
N/A
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
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Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
ENVIRONMENTAL AND SOCIAL REVIEW
48.6 Kb