Company name
Marinasol S.A.
Project number
14051-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Peru
Sector
Agribusiness
Status
Inactive
Disclosed date
08/26/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
11/10/2022
Approval date
N/A
Signed date
N/A
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
N/A
Financing amount
USD $ 25,000,000
Currency
USD
Project scope and objective
Marinasol S.A. (the “Company” or “Marinasol”) began operating in 1987. It is currently the entity that groups the aquaculture division of DC Group in Peru and is mainly engaged in shrimp production and marketing. It has broad sector experience (over 30 years), is a national leading company with a 48% share in shrimp production and export and is based globally in over 16 export destinations, the most important of which are Asia (China, Malaysia and Korea), United States and Europe.
IDB Invest will structure a financing program with a committed tranche for US$17.5 million to fund the long-term investment plan to expand the capacity and improve the efficiency of existing operations, as well as the structural working capital (the “Project”) required by the Company. There is also an uncommitted tranche of up to US$3.75 million for new investments of the same nature as those described above, to be completed in Peru.
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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.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
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.
MARINASOL - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
809.0 Kb
MARINASOL - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
563.2 Kb