RENOVA S.A. (FMO-51064)

Countries
  • Argentina
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Investment Amount (USD)
$ 30.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Jun 24, 2018


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Project Description

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.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

FMO
The Netherlands
+31 70 314 96 96
info@fmo.nl
Anna van Saksenlaan 71
2593 HW, The Hague
The Netherlands

FMO
South Africa
+27 11 507 2500
joburg-office@fmo.nl
Regent Place, 2nd Floor
Cradock Ave, Rosebank 2196
Johannesburg South Africa

ACCOUNTABILITY MECHANISM OF FMO

Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW) . A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism