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Company name

Prolade SAPI de CV

Project number

12854-02

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
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A

Country

Mexico

Sector

Agribusiness

Status

Proposed

Disclosed date

06/13/2023

Projected date at which a project will be put forward for the Board of Executive Directors’ approval.

Projected board date
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08/12/2024

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 $ 15,000,000

Currency

USD

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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Early disclosure

PROLADE - ENVIRONMENTAL AND SOCIAL ESTRATEGY (ESE)

194.6 Kb

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.

PROLADE - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

286.7 Kb

PROLADE - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

286.7 Kb

Client files

This section provides the key environmental and social assessment documents produced by the client for this project.

PROLADE EVALUACIÓN DE IMPACTOS AMBIENTALES Y SOCIALES (EIAS)

6.3 Mb

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Contact information

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Alternatively, you may also use the following contact information :

Client Contact

EMAIL

N/A

PHONE NUMBER

N/A

POST OFFICE ADDRESS

N/A

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

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Learn more about how we provide private-sector solutions in the region .