Company name

Veneza Inversiones PY SA

Project number

14128-01

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
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B

Country

Paraguay

Sector

Manufacturing

Status

Proposed

Disclosed date

10/28/2022

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

Projected board date
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01/29/2023

Approval date

N/A

Signed date

N/A

Sponsoring entity

N/A

Team leader

Buzo Rolandi, Jose

Investment type

Syndicated amount

N/A

Financing amount

USD $ 11,000,000

Currency

USD

Project scope and objective

The proposed finance facility is an US$11 million 8-year senior loan to Veneza Inversiones S.A., to finance a rendering plant with the capacity to process up to 440 tons per day of animal by-products extracted from beef tallow, bone meal, meat meal and blood. 

 

Veneza Inversiones PY S.A. began operating in the agribusiness sector in August 2016 and can process and sell various products in Paraguay. It belongs to the Durli Group, one of the largest leather producers in Brazil, whose business includes producing and selling leather and processing third-party leather.

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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.

VENEZA PARAGUAY - ENVIRONMENTAL AND SOCIAL REVIEW SUMMARY (ESRS)

276.5 Kb

VENEZA PARAGUAY - ENVIRONMENTAL AND SOCIAL ACTION PLAN (ESAP)

143.4 Kb

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Contact information

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Alternatively, you may also use the following contact information:

Client Contact

CONTACT NAME

Christiano Krauspenhar Frizzo

POSITION

CFO

PHONE NUMBER

+55 41 99926 0174

EMAIL

Christiano.frizzo@durlicouros.com.br

IDB Invest Contact

EMAIL

requestinformation@idbinvest.org

PHONE

+1(202)-566-4566

ADDRESS

1350 New York Ave NW, Washington, DC 20005

COUNTRY OFFICES

IDB Invest Country Offices

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