In 2010, Proparco allocated a USD 50M loan to Tereos Brésil to finance its agricultural and industrial investment program. This program has improved the company’s agricultural productivity and has met growing demand for biofuels in Brazil. Tereos Sucre & Énergie Brésil is a subsidiary of the French group Tereos, the world’s third largest sugar group, and is one of the leading players on the sugar and ethanol market in Brazil.
Supporting the growth of a company focused on partnership-based and environmentally responsible solutions
The financing program of Proparco and Tereos involves the construction of a sugar warehouse in the port of Santos. With a storage capacity of 114,000 tons, the warehouse is located in a terminal called Tiplam. It will be operated by one of Brazil’s main logistics transport companies, VLI, with which Tereos signed a partnership agreement in 2018.
This financing operation formalizes Proparco’s support to the partnership between Tereos Brésil and VLI, which involves the construction of two warehouses in Sao Paulo State. Thanks to this project, Tereos is ensuring it has long-term access to VLI’s rail and port logistics platform. This platform allows Tereos to facilitate its raw sugar exports and transfer its sugar in Brazil by rail transport, which is more environmentally sustainable, from the factories located in Sao Paulo State to the port of Santos.