Jalles 2024 (IFC-49275)

Countries
  • Brazil
Geographic location where the impacts of the investment may be experienced.
Specific Location
Uninformed
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
JALLES MACHADO SA
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 29, 2025

Disclosed by Bank Apr 22, 2025

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Jalles Machado S.A. (“Jalles”, “Jalles Machado”, or the “company”) is a sugar/ethanol producer in Brazil operating three mills, Jalles Machado (UJM), Otavio Lage (UOL) in the State of Goiás in Brazil, and Santa Vitoria (USV) in the State of Minas Gerais. The company has a crushing capacity of 9 million tons/year of sugarcane and operates over 87.2 thousand hectares of land under cultivation for sugar cane. In FY23, the company achieved a production output of 305,600 tons of sugar (both conventional and organic varieties) and produced 393,100 cubic meters of ethanol. Additionally, it generated 268,000 MWh of electricity through cogeneration, 64% of which was successfully supplied to the National Interconnected System (SNI). The proposed $60 million IFC investment aims to support the company’s capital expenditure needs for its recently acquired third mill (2022), USV, with a primary focus on replanting and crop treatment to enhance sugarcane productivity. Specifically, IFC’s investment will help Jalles increase USV's sugarcane yield from 60.2 tons/ha in FY23 to 78.8 tons/ha by FY27 through climate-smart agricultural improvements. This boost in productivity is projected to raise USV's cane crushing from 1.8 million tons to 2.7 million tons, supporting higher bagasse and renewable energy output.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org.  You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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