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.
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.
|Date||Total FMO financing|
|5/30/2017||USD 30.00 MLN|
- Website client
- Latin America & The Caribbean
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- USD 30.00 MLN
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)