PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606323

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

Dec 13, 2021

Country

Indonesia

Region

East Asia and the Pacific

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Oct 31, 2024

Project Estimated Start Date

Jul 30, 2021

Project Estimated End Date

Dec 31, 2022

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

Development Results

E&S Risks / Impacts and Mitigation