Founded in 1980, the Group owns two mills with a combined installed capacity to crush up to 9 million tons of sugarcane per year while employing 4,900 people. Cocal is a member of the sugar and ethanol cooperative and trader, Copersucar, which commercializes 100% of its sugar and ethanol production. In addition, the Group sells energy directly to the grid.

The Group is 100% owned by the Garms family since its foundation.                                                  

 The investment plan is estimated in US$92 million, for which IFC will provide an A Loan of up to US$40 million and mobilize a B Loan of up to US$30 million. The remaining portion is expected to be financed through internal cash generation.                                                  

 Investments will be made in the Presidente Prudente region, in the Sao Paulo state, in Brazil.                       

This Project has been classified as Category B according to IFC’s Policy on Environmental and Social (E&S) Sustainability. The Project’s principal E&S risks and impacts are associated with existing sugar, ethanol and energy production activities in Brazil. Key E&S risks and impacts from this project are: biodiversity loss and offset for their own production and 3rd party suppliers (requiring compliance with Brazilian Legal Reservation and Permanent Protected Areas requirements); supply chain management; occupational health & safety for employees and health issues for communities related to agrochemical exposure and the prevention and management thereof; and community engagement. These risks and impacts can be readily addressed through well-established mitigation measures.