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.
+31 70 314 96 96
Anna van Saksenlaan 71
2593 HW, The Hague
+27 11 507 2500
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/