Carbonwave CnC (IFC-609486)

Countries
  • Mexico
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
Active
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
C-Combinator, PBC
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 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 May 12, 2026

Disclosed by Bank Jan 20, 2026

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.

According to the IFC, Carbonwave has invited IFC to participate in a collaborative co-development initiative in which the primary objective is to assess the commercial viability and industrial scalability of sargassum-derived products in Mexico (“the Project”).The Project aims to develop and test sargassum-derived bio-stimulants for agricultural use, commercialize a sargassum-based emulsifier for cosmetics, and explore future innovations such as vegetal leather, bio-naphtha for bioplastics, and materials for 3D printing.

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

not disclosed at the time of the creation of the snapshot

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.

According to the IFC, C-Combinator, PBC (https://carbonwave.com/) (“Carbonwave” or “the Company”), registered in Delaware, USA, is developing pilot facilities in Quintana Roo, Mexico, to transform sargassum collected from the coast into various commercial products. Through its wholly owned subsidiary Grupo Ensol Caribe S. de R.L. de C.V (https://grupoensol.com/es/) (“Ensol”), Carbonwave provides sargassum services to hotel resorts, including sargassum collection, transportation and disposal. Services are provided to independent and chain hotels, primarily located in Quintana Roo, using on-beach collection, and the installation of offshore barriers and nets designed to direct sargassum to designated beach collection points. Carbonwave operates pilot facilities in Puerto Morelos, Mexico, located within an industrial park with no sensitive surrounding communities, and Puerto Rico, focused on the production of bio-stimulants and emulsifiers, respectively. The pilot facilities in Puerto Morelos obtain the majority of the sargassum directly from Ensol, with a marginal volume provided by other collection companies or cleanup activities conducted by third parties.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Carbonwave Client -

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 contacts available 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