The project sponsor is AGD; owned by the Urquía family.

The total project cost is estimated $164 million. The proposed IFC investment includes, for IFC’s own account, an A Loan for up to $50 million and a C Loan for up to $20 million , and a B Loan of up to $50 million.

70.0 million (USD)

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	70.0
Equity

* These investment figures are indicative

Project funding will be directed to investments in the Santa Fé, Santiago del Estero, Córdoba, Chaco, and Buenos Aires provinces in Argentina.

IFC’s participation will assist the leading local competitive crusher and exporter to secure unavailable long-term financing for its expansion strategy. In addition, IFC’s participation will attract private funding institutions back into Argentina through their involvement under IFC umbrella (B Loan). AGD is a major operator in the Argentine oilseed sector and one of the few local (Argentina) players in a sector dominated by global / international traders. Because of the country risk, it does not benefit from the same access to international sources of financing.

IFC Role:
IFC’s participation in the proposed project will provide long-term capital not accessible today from the markets and enhance the operational and financial sustainability of an important domestic agro-exporter and support the participation of foreign banks through a B loan, which is still a challenge in the countries’ current political and economic environment.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because a limited number of specific environmental and social impacts may result which can be avoided or mitigated by adhering to generally recognized performance standards, guidelines or design criteria. The review of this project consisted of appraising technical and environmental social conditions at the following facilities: Terminal (T6), T6 Industrial (T6I), Aceitera Chabas (ACHA), General Deheza Oil Plant, General Deheza Refinery, General Deheza Peanut Plant, General Deheza Bottling Plant, and Santa Eufemia Swine Farm. The following potential environment, health and safety and social impacts of the projects were analyzed at each site:

Health and safety management systems;
Ambient and point source air emissions, including workplace air quality;
Liquid effluent management, including stormwater drainage and treatment; and
Solid waste management.

The findings at each site are summarized in the Environmental Review Summary (“ERS”).
Location of environmental documents In locally affected community
The ERS will be available to the public in the “Intendencia” or the Library (“Biblioteca”) of General Deheza, Province of Córdoba, Argentina.