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Company name

Viluco S.A.

Project number

AR3906A-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

Argentina

Sector

Agribusiness

Status

Completed

Disclosed date

01/25/2011

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

Projected board date
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03/08/2011

Approval date

06/14/2011

Signed date

05/31/2012

Sponsoring entity

N/A

Investment Operations Department Contact

N/A

Investment type

Syndicated amount

USD $ 7,500,000

Financing amount

USD $ 6,500,000

Currency

USD

Project scope and objective

The financing requested consist of a A Loan of up to US$6.5 million and a B Loan of up to US$23.5 million.



The purpose of this IIC operation is to provide financing to Viluco to replace short-term liabilities the company acquired to complete a plant for producing soy flour, soybean oil, and biodiesel, with a nominal annual production capacity of up to one million tons.



This project seeks to expand and diversify Viluco’s agricultural production through industrialization. Promoting agriculture is consistent with the IIC’s interest in contributing to the development of renewable energy production (biofuels).



Established in 1973, Viluco is an Argentinian company that is part of Grupo Lucci, an agribusiness group. Viluco grows grains, with a harvest area of approximately 47,000 hectares, and also rears, breeds, and fattens cattle on approximately 30,000 hectares of land. It started to produce soy flour, soybean oil, and biodiesel in July 2010 at its plant in Frías, Santiago del Estero province, Argentina.


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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.

ENVIRONMENTAL AND SOCIAL REVIEW

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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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