Company name
Usina Cerradão
Project number
14200-01
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
Brazil
Sector
Agribusiness
Status
In implementation
Disclosed date
12/20/2022
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
05/03/2023
Approval date
05/03/2023
Signed date
08/01/2023
Sponsoring entity
N/A
Investment Operations Department Contact
Portfolio Management Division
Investment type
Syndicated amount
USD $ 15,678,000
Financing amount
USD $ 39,627,100
Currency
BRL, USD
Project scope and objective
The proposed financing consists of a long-term loan of at least R$280 million, with an 8-year term and 30-month grace period, so that Usina Cerradão (“Cerradão”) can increase its sugarcane crushing capacity from 4.2 million to 7 million tons/year. Such an increase in capacity will consequently allow the company to increase its production of sugar and ethanol, as well as its capacity to cogenerate electricity by 57%, by burning a greater volume of residual biomass (sugar cane bagasse).
The increase in energy consumption will still allow Cerradão to remain self-sufficient in its operational needs, in addition to allowing the company to increase its supply of clean renewable energy to the market by approximately 95%.
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Contact information
For inquiries, comments and information requests about the project
Request informationAlternatively, you may also use the following contact information :
Client Contact
rrezende@usinacerradao.com.br
PHONE NUMBER
+55 34 3421-1800
POST OFFICE ADDRESS
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.
Escopo do projeto e rótulo objetivo
O financiamento proposto consiste em um empréstimo de longo prazo de até R$280 milhões, com prazo de 8 anos e 30 meses de carência, para que a Usina Cerradão (“Cerradão”) possa aumentar a sua capacidade de moagem de cana-de-açúcar de 4.2 milhões para 7 milhões de toneladas/ano. Tal aumento de capacidade permitirá, consequentemente, que a empresa eleve a sua produção de açúcar e etanol, assim como de sua capacidade de cogerar eletricidade em 57%, por meio da queima de um maior volume de biomassa residual (bagaço de cana).
O aumento da cogeração enérgetica permitirá, ainda, que a Cerradão se mantenha autossuficiente em suas necessidades operacionais, além de permitir que a empresa aumente em aproximadamente 95% a oferta de energia limpa renovável ao mercado.
Revisão ambiental e social
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.pdf?author=jdinizabud@iadb.org&type=.pdf&size=0.17MB&title=Usina%20Cerradao%20-%20Plano%20de%20A%C3%A7%C3%A3o%20Ambiental%20e%20Social%20(PAAS).pdf&thumbnail=thumbnails/Portuguese/EZSHARE-701507457-4/Usina%20Cerradao%20-%20Plano%20de%20A%C3%A7%C3%A3o%20Ambiental%20e%20Social%20(PAAS).pdf.png){kind=link}
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.
USINA CERRADAO - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)
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USINA CERRADAO - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)
153.6 Kb