Company name
RENOVA S.A.
Project number
12005-01
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
Argentina
Sector
Agribusiness
Status
In implementation
Disclosed date
04/11/2017
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/16/2017
Approval date
05/16/2017
Signed date
05/26/2017
Sponsoring entity
N/A
Investment Operations Department Contact
N/A
Investment type
Syndicated amount
USD $ 130,000,000
Financing amount
USD $ 75,000,000
Currency
USD
Project scope and objective
Renova S.A. posee una planta de molienda de soja y un puerto en Timbúes, Santa Fe, con una capacidad total de molienda de 20.000 toneladas/día, además posee una planta de biodiesel en San Lorenzo con una capacidad de procesamiento de 480.000 toneladas/año.
La CII busca otorgar un Préstamo de hasta US$75 millones con un plazo de hasta 9 años, incluyendo un período de gracia de 2 años a Renova S.A. para apoyar la construcción de (i) una tercera línea de molienda de soja con capacidad para 10.000 ton/día; (ii) un nuevo puerto de granos con capacidad de carga de 4.000 toneladas/hora; (iii) un puerto de barcazas con capacidad de 9.000 ton/día; y (iv) la refinanciación de la deuda existente (el "Proyecto").
Renova es una joint venture entre Vicentin S.A.I.C. y Oleaginosa Moreno Hermanos S.A.C.I.F.I. (OHMSA), una subsidiaria de la multinacional Glencore Agriculture. Vicentin, es una empresa familiar que fue constituida en 1929. Es una de las mayores procesadoras de soja en Argentina, posee otras tres instalaciones y una terminal portuaria en el área del Gran Rosario, y otras dos plantas de biocombustibles en el norte de Santa Fe. OHMSA opera dos plantas de molienda de granos, una refinería de aceite vegetal, dos instalaciones de almacenamiento y dos puertos, entre otros.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Client files
This section provides the key environmental and social assessment documents produced by the client for this project.
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS) - RENOVA
206.6 Kb
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
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.
ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY
31.9 Kb