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Brazil: A loan to Tereos to allow the company to optimize its supply chain and opt for rail transport
Project
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Signature date
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Location
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Brazil
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Financing tool
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Financing amount (Euro)
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36680421
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Financing details
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USD 40m loan
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Customer
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Tereos Açùcar e Energia Brasil SA
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Type of customer
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Company
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Country of headquarters
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Brazil
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Project number
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PBR1060
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Environmental and social ranking
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A
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Climate co-benefits
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Project with climate co-benefits
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has allocated a USD 40m loan to a Brazilian company, Tereos, to optimize and secure its supply and storage chain. This operation will also allow the company to opt for rail transport
Client presentation
Tereos Açucar e Energia Brasil is the 3rd largest sugar, ethanol and bio-energy operator in Brazil and a subsidiary of the 2nd largest sugar group in the world, France’s Tereos. Tereos Açucar e Energia operates 7 production sites which are all located in the State of Sao Paulo and owns a distribution center in Rio de Janeiro.
Project description
Proparco’s loan will be earmarked to optimize/secure its supply and storage chain, as well as for agricultural and maintenance capex. This operation will allow the company to finance the construction of a sugar warehouse in Tiplam at the Port of Santos in the State of Sao Paulo, a terminal operated by one of the main railway companies in Brazil, VIL, which offers integrated solutions.
Project impact
The financing will have a major impact on the development of rail transport vs. road transport to carry export raw sugar from its production platforms located in the State of Sao Paulo to the Port of Santos.