Project detail - RENOVA S.A.

RENOVA S.A.

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Who is our client

Renova was founded in 2006 to build and operate Argentina’s first biodiesel plant from soybean oil. In 2010, Renova started the construction of Argentina’s largest and one of the world’s most efficient crushing plants (~U$500m investment). The Company currently has (i) a 20,000 tons/day soybean crushing plant, (ii) a 30 megawatt co-generation plant, and (iii) other logistic services such as its own port and storage facilities.

Funding objective

FMO’s funding contributes to further investments in Renova. The crushing capacity will be expanded, and a barges terminal and grain port will be constructed.

Why we fund this project

FMO will participate in a syndicate in which it will provide a longer tenor than commercial lenders. FMO aims to catalyse additional funding from other lenders as well.

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Date Total FMO financing
5/30/2017 USD 30.00 MLN
Website client
http://.
Region
Latin America & The Caribbean
Country
Argentina
Sector
Agribusiness, Food & Water
Signing date
5/30/2017
Total FMO financing
USD 30.00 MLN
Fund
FMO
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