Summary of Proposed Investment
Project Number
26959
Company Name
NOBLE ARGENTINA S.A.
Date SPI Disclosed
Dec 23, 2008
Country
Argentina
Industry
Agribusiness and Forestry
Projected Board Date
Jan 23, 2009
Status
Completed
Sector
Vegetable Fats and Oils
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
B - Limited
Previous Events
Approved : Jun 25, 2009
Signed : Jun 30, 2009
Invested : Nov 20, 2009
Project Description
IFC is considering providing Noble Argentina SA (“Noble Argentina” or “the company”) financing of up to $40 million in the form of an A loan (the “Loan”) to support the company’s $230 million construction and operation of a soybean crushing facility (the “Plant”) in its port terminal in Timbues, Santa Fe Province, Argentina. The balance of the funding will be in the form of a $75 million A loan from InterAmerican Development Bank (IDB), $45 million syndicated loan by IDB, and $70 million in equity and subordinated shareholder loans.
The plant includes:
- an 8,500 metric ton (mt) per day soybean crushing facility,
- a soybean dehulling facility,
- a steam and 17MW electrical energy cogeneration unit,
- meal storage capacity of 110,000 mt,
- oil tanks with 45,000 mt capacity,
- storage facility for 300,000 mt soybean, and
- handling facilities.
The project expands the capabilities of the company’s existing grain river port terminal beyond origination, port services and exporting of grain, to include crushing and exporting product.
Noble Argentina is a commodity trader based in Argentina that offers a range of agricultural commodity products, as well as logistics and technical services. The company has been operating for slightly more than 5 years, and within that period has grown to become the 10th ranked exporter of soybean, corn and wheat from Argentina.
Noble Argentina was established in 2001 following Noble Group Limited’s purchase of Andre & Cie’s Asia assets and subsequent expansion into producing countries such as Argentina. Noble Group Limited (“Noble Group” or “the Group”) remains the 100% indirect owner of Noble Argentina.
The plant includes:
- an 8,500 metric ton (mt) per day soybean crushing facility,
- a soybean dehulling facility,
- a steam and 17MW electrical energy cogeneration unit,
- meal storage capacity of 110,000 mt,
- oil tanks with 45,000 mt capacity,
- storage facility for 300,000 mt soybean, and
- handling facilities.
The project expands the capabilities of the company’s existing grain river port terminal beyond origination, port services and exporting of grain, to include crushing and exporting product.
Noble Argentina is a commodity trader based in Argentina that offers a range of agricultural commodity products, as well as logistics and technical services. The company has been operating for slightly more than 5 years, and within that period has grown to become the 10th ranked exporter of soybean, corn and wheat from Argentina.
Noble Argentina was established in 2001 following Noble Group Limited’s purchase of Andre & Cie’s Asia assets and subsequent expansion into producing countries such as Argentina. Noble Group Limited (“Noble Group” or “the Group”) remains the 100% indirect owner of Noble Argentina.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. PABLO FREIRE
Noble Argentina S.A.
Carlos Pellegrini, 1163 – 9/Piso
C1009 ABW, Buenos Aires, Argentina
Tel Number : +54 11 4131 7100
Fax Number: +54 11 4131 7120
Email : pfreire@noblegrain.com
Website : www.noblegrain.com.ar
Noble Argentina S.A.
Carlos Pellegrini, 1163 – 9/Piso
C1009 ABW, Buenos Aires, Argentina
Tel Number : +54 11 4131 7100
Fax Number: +54 11 4131 7120
Email : pfreire@noblegrain.com
Website : www.noblegrain.com.ar
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: +1 202-473-3800
Fax: +1 202-974-4384
E Mail: Webmaster
Local Access of Project Documentation
The project’s environmental documents will be accessible at the following locations:
- Noble Argentina Website (www.noblegrain.com.ar)
- Noble Argentina’s Corporate Office in Buenos Aires:
- Carlos Pellegrini, 1163 – 9/Piso, C1009 ABW, Buenos Aires, Argentina
- Tel Number : +54 11 4131 7100
- Fax Number: +54 11 4131 7120
- Noble Argentina’s Office in Rosario:
- Paraguay 727 - 6° - "4", Rosario, Santa Fe, Argentina
- Tel Number: +54 341 568 0333
- Public Library in Timbues:
- Mitre 540, Timbres, Santa Fe, Argentina
- Noble Argentina Website (www.noblegrain.com.ar)
- Noble Argentina’s Corporate Office in Buenos Aires:
- Carlos Pellegrini, 1163 – 9/Piso, C1009 ABW, Buenos Aires, Argentina
- Tel Number : +54 11 4131 7100
- Fax Number: +54 11 4131 7120
- Noble Argentina’s Office in Rosario:
- Paraguay 727 - 6° - "4", Rosario, Santa Fe, Argentina
- Tel Number: +54 341 568 0333
- Public Library in Timbues:
- Mitre 540, Timbres, Santa Fe, Argentina