Project detail - BEGEMANN MERCURY TECHNOLOGY PACIFIC

BEGEMANN MERCURY TECHNOLOGY PACIFIC

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Who is our client

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.

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 we fund this project

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 client
http://www.bmt-begemann.nl
Region
Asia
Country
Thailand
Sector
Infrastructure, Manufacturing and Services
Signing date
1/5/2012
Total FMO financing
EUR 3.60 MLN
Fund
Fund Emerging Markets
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+