Project Description
IFC intends to offer a consulting and potential investment proposition to support InnovaFeed’s expansion plans in Southeast Asia (focus on Indonesia and Malaysia), which includes:
1. Providing guidance to InnovaFeed in the application of IFC Performance Standards (‘PS’) and Good International Industry Practice in the selection of a local supplier of feedstock.
2. Providing guidance to InnovaFeed in the construction and operation of its insect plant, based on IFC PS and sound Environmental and Social (‘E&S’) practices.
3. Potential funding. IFC will provide guidance in a manner consistent with the principles of the relevant PS. The IFC team will assist InnovaFeed in gaining a good understanding of IFC PS and provide guidance for appropriate mitigation measures whenever warranted