| Project Detail |
E&S CATEGORY tooltip
A
COUNTRY
Mexico
SECTOR
Agribusiness
STATUS
Proposed
DISCLOSED DATE
06/13/2023
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
PROJECTED BOARD DATE tooltip
09/29/2023
APPROVAL DATE
N/A
SIGNED DATE
N/A
SPONSORING ENTITY
N/A
TEAM LEADER
Narváez, Carlos Eduardo
INVESTMENT TYPE
Loan
SYNDICATED AMOUNT
N/A
FINANCING AMOUNT
USD $ 15,000,000
CURRENCY
USD
IDB Invest is contemplating financing for up to US$15 million over 10 years in Prolade SAPI de CV (the “Company”, “Prolade”). Prolade is a company established in 2013 in the municipalities of Huimanguillo and Teapa, in the Tabasco region, dedicated to the sustainable production of palm oil. The Company has a vertically integrated operation and to date has 3,130 harvested hectares and an oil extraction plant. IDB Invest financing will be used for: (i) land acquisition, (ii) purchase of biological assets, (iii) installation of an irrigation system, and (iv) expansion of the oil extraction plant. |
