Company name
PROTEAK UNO S.A.B. DE C.V.
Project number
14594-01
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
E&S category
B
Country
Mexico
Sector
Agribusiness
Status
Hold
Disclosed date
06/21/2024
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
08/13/2024
Approval date
N/A
Signed date
N/A
Sponsoring entity
PROTEAK UNO SAB DE C.V.
Investment Operations Department Contact
INO Portfolio Management (PTM)
Investment type
Syndicated amount
N/A
Financing amount
USD $ 21,851,600
Currency
MXN
Project scope and objective
La transacción propuesta consiste en un Préstamo Verde senior garantizado de hasta MXN 800 millones que se otorgará a Proteak Uno SAB de C.V. ("Proteak"), que consiste en: (i) un Préstamo comprometido de hasta MXN 400 millones con un plazo de hasta [diez/doce] años, incluido un período de gracia de [60] meses; y (ii) un préstamo no comprometido de hasta MXN 400 millones con un plazo de hasta [diez/doce] años, incluido un período de gracia de [60] meses (en conjunto, el "Préstamo"). Proteak ha elegido la Melina de manera estratégica debido a que sus características físicas y mecánicas permiten transformarla en diferentes productos por lo que su mercado es amplio. Además, es una especie de rápido crecimiento lo que permite tener un ciclo nuevo cada 6 años.
El Préstamo financiará la reproducción de clones, el uso de tierras deforestadas para reforestación y el manejo sostenible de las plantaciones de Melina. Para ser clasificado como préstamo verde, el uso de fondos del proyecto se encuentra, y deberá continuar, alineado a los Principios de Préstamos Verdes de la lista[1]. El Proyecto estará ubicado estratégicamente en la región de Tabasco (México), donde el suelo y el clima aseguran condiciones ideales para este cultivo.
[1] Loan Syndications and Trading Association
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Contact information
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Request informationAlternatively, you may also use the following contact information :
Client Contact
alejandro.ramirez@irconsulting.mx
PHONE NUMBER
+52 (55) 6235 1504
POST OFFICE ADDRESS
https://proteak.com/en/home/
IDB Invest Contact
requestinformation@idbinvest.org
PHONE
+1(202)-566-4566
ADDRESS
1350 New York Ave NW, Washington, DC 20005
COUNTRY OFFICES
IDB Invest Country OfficesIndividuals or communities can submit complaints and concerns related to environmental, social, or corporate governance issues to the Management Grievance Mechanism by e-mailing mgm@iadb.org or by calling +1 202 312 4040.
As a last resort, affected communities have access to the IDB Invest Independent Consultation and Investigation Mechanism by writing to mecanismo@iadb.org or MICI@iadb.org or calling +1(292) 623-3952.
IDB Invest has zero tolerance to reprisal or retaliation against anybody who voices its opinion or opposition to IDB Invest-financed projects.
For inquiries, comments and information requests about the project
Request informationLearn more about how we provide private-sector solutions in the region .
Environmental and social review
IDB Invest conducts an environmental and social due diligence (ESDD) commensurate with the nature, scale, and stage of the project, and with its level of environmental and social risks and impacts. The ESDD will confirm the project E&S categorization and assess the project with respect to the client requirements in IDB Invest Environmental and Social Sustainability Policy. The results of the ESDD, including any identified gaps are described in the Environmental and Social Review Summary (ESRS) provided below. For projects approved as of 2016, any gaps with respect to IDB Invest's Environmental and Social Sustainability Policy at the time of the ESDD are addressed in the Environmental and Social Action Plan (ESAP) presented below, to comply with the date mentioned above.
PROTEAK - RESUMEN DE LA REVISIÓN AMBIENTAL Y SOCIAL (RRAS)
348.2 Kb
PROTEAK - PLAN DE ACCIÓN AMBIENTAL Y SOCIAL (PAAS)
143.4 Kb