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.
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.
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.
This information is given at the time of signature, without prejudice to any developments in the operation/project