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
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
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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Contact information
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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
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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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