Zambeef Biochar (IFC-608420)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Zambia
Geographic location where the impacts of the investment may be experienced.
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
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Zambeef Products PLC
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Energy
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
Not Disclosed
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 Jul 1, 2024

Disclosed by Bank Jun 21, 2024

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

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.

As stated by the IFC, in order to support the development of a manure-to-biochar pyrolysis plant (the Plant) for Zambeef Plc (the Sponsor), IFC and the Sponsor will jointly conduct a bankable feasibility study with focus on technical and commercial feasibility of the Plant, through which to facilitate an informative decision on the Plant investment.

The Plant aims to utilize livestock manure from the Sponsor’s facilities to produce biochar that can be used internally as an organic fertilizer (or soil additive), bedding for its broiler/breeder operations or sold to generate an additional revenue stream.
Building up the findings of the pre-feasibility study on the Plant, the feasibility study will take the following steps to develop the Project:
A. Manure/Feedstock Evaluation;
B. Analysis on Internal Use of Biochar;
C. Assess Market for the Sale of Biochar;
D. Electricity Generation Evaluation;
E. Technology Assessment;
F. Carbon Credits Assessment
G. High-level E&S Screening; and
H. Cost-benefit Analysis.

A project of this nature is 100% climate-related. It is potentially a solid solution to offset GHG emissions in the animal protein industry, particularly the beef industry, which has growing negative attention due to the GHG emissions associated with the industry. From July 2024, all IFC investments will need to be 100% Paris-aligned; therefore, projects of this nature can contribute to this objective.

Under this Upstream stage, IFC funding will contribute to a high-level E&S screening to screen for preliminary E&S risks of the proposed Biochar project and any associated facilities that are planned and budgeted. Some of the key risks to be considered at a minimum include E&S capacity of sponsor to effectively manage E&S risk and impacts, supply chain (child labour/forced labour, third party sourcing), occupational health and safety of personnel, effluent management, and animal welfare and husbandry.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Investment information not provided at the time of disclosure.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by Bloomberg, Zambeef Products plc provides feedlotting, poultry, dairy, cropping, slaughtering, wholesaling and retailing of meat products, and leather processing.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - ZAMBEEF PRODUCTS PLC Client Agriculture and Forestry

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

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

How it works

How it works