Prolade SAPI de CV
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.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 15,000,000
Project scope and objective
IDB Invest is considering a financing up to US$15 million over 10 years to Prolade SAPI de CV (the “Company”, “Prolade”). Prolade is a company established in 2013 in the municipalities of Huimanguillo and Teapa, in the Tabasco region, dedicated to the sustainable production of palm oil. The Company has a vertically integrated operation and to date has 3,130 harvested hectares and an oil extraction plant. IDB Invest financing will be used for: (i) acquisition of land, (ii) purchase of biological assets, (iii) installation of an irrigation system and (iv) expansion of the oil extraction plant.
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