Limbomar S.A.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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
Limbomar S.A. is one of the companies of Grupo Almar. Grupo Almar is an Ecuadorian group of companies focused on the production of white leg shrimp (penaeus vannamei) since 1981. Almar comprises Biogemar (larviculture), Produmar and Limbomar (shrimp production farms). Currently, they are planning to implement the LIMBOPACK Shrimp Packing Plant. Grupo Almar has realized important contributions to the Ecuadorian aquaculture sector.
What is our funding objective?
FMO’s ambition is to have an investment portfolio which is aligned with a 1.5? pathway. One way to support this ambition is to grow FMO’s ‘green’ portfolio, which is aimed among others at reducing greenhouse gas emissions, increasing resource efficiency, preserving and growing natural capital, and supporting climate adaptation. This particular project will support Limbomar’s Carbon footprint measurement and reduction.
Why do we fund this investment?
In order to support Grupo Almar’s vision for 2025 to be global leaders in sustainable aquaculture and improve their efficiency and quality standards.. As one of the largest shrimp producers in the world, Grupo Almar strives to ensure high quality and efficient shrimp production while improving the sustainability of its operations through innovation and R&D. By being the first to adopt this cutting-edge tool in the shrimp industry, they will introduce innovation and will be setting new standards in the industry. This initiative will position them as leaders and pioneers, marking a significant progress in how the carbon footprint is measured in the shrimp sector.
More investments
| Date | Total FMO financing |
|---|---|
| 7/26/2023 | USD 5.00 MLN |
- Region
- Latin America & The Caribbean
- Country
- Ecuador
- Sector
- Agribusiness, Food & Water
- Publication date
- 12/7/2023
- Effective date
- 11/23/2023
- Total FMO financing
- EUR 0.09 MLN
- Funding
- FMO NV
-
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+