BEGEMANN MERCURY TECHNOLOGY PACIFIC
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
The BMT group (“BMT”) is an internationally operating organization that is specialized in the recycling and purification of mercury contaminated waste, mainly produced by the natural gas and chlorine industries. BMT has been operating and improving its technique since 1991 in the Netherlands through its Dutch operating company, BMT Milieutechniek BV (“BMB”) - first in Rotterdam, and for the last 7 years in Farmsum, Groningen. Their current capacity in the Netherlands is 500-800 tons of waste per year using 15 ovens.
What is our funding objective?
One of BMT’s largest clients, through their Thai operations, has a large amount of mercury waste which needs to be processed. BMT intends to begin a new mercury waste processing facility locally in Thailand - to be named BMT Pacific Ltd. The plant, to be located at Bangpoo Industrial Estate near Bangkok, will be similar to the plant BMT operates in the Netherlands. The capacity for the new Thai facility will be 1,900 tons of waste per year using 48 ovens, and is intended to provide waste processing services for companies in Thailand, Indonesia and the Middle East.
Why do we fund this investment?
BMT is a “first mover” in this industry and will provide a service that is currently unavailable in Asia. By complying with high environmental standards, BMT’s technology provides a sustainable solution for a difficult waste problem. FMO’s involvement has been highly additional as local financing is not readily available for a foreign company with no local track record. In addition, BMT will contribute to both job creation and to balance of payments by export substitution.
- Website customer/investment
- http://www.bmt-begemann.nl
- Region
- Asia
- Country
- Thailand
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 1/5/2012
- End date
- 1/15/2020
- Total FMO financing
- EUR 3.60 MLN
- Funding
- Fund Emerging Markets
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+