COLSEN INTERNATIONAL B.V. (FMO-58937)

Countries
  • South Africa
Where the impacts of the investment may be experienced.
Specific Location
West Cape
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
  • 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
Proposed
Bank Risk Rating
U
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.
Voting Date
Nov 19, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Climate and Environment
  • Energy
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, etc.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ FMO website

Updated in EWS Dec 14, 2020


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Project Description

According to bank provided information, the funding objective is to support a feasibility study and prepare for the development of a manure-to-energy biogas plant for the West Cape business unit of the Astral Food Group in South Africa. Since the technology will be exported from the Netherlands, the project is eligible for the development contribution from FMO NL Business.

FMO NLB funds the project because it fits with the focus sectors of the Development Accelerator by making one of the largest protein producers (chicken) in South Africa more sustainable and less dependent on unreliable electricity services and LPG imports. The developed project will reduce the CO2 footprint of Astral by producing green energy and clean fertilizer from the chicken manure waste stream, which is currently spread out on land polluting the soil and emitting CO2. Through the Development Capital contribution, FMO NLB supports a Dutch exporter in doing business in South Africa.

Investment Description
  • Netherlands Development Finance Company (FMO)
Private Actors

Our client is Colsen International B.V., part of Colsen Group of Companies, an innovative, family-owned Dutch SME focusing on water, energy and environment technologies.

Contact Information

*Contact information not provided at the time of disclosure*

ACCESS TO INFORMATION

As part of FMO's ex-ante disclosure (disclosure of transactions before contracting), you can send requests or questions for additional information to: disclosure@fmo.nl 

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