BNDES approves R$150M loan to Soli3 cooperative for biodiesel market entry
Published:
English editorial record · renofaro
Key points
- Brazil's development bank BNDES approved a R$150 million credit line for Soli3 União Central Cooperativa — a joint venture of the Rio Grande do Sul cooperatives Cotrijal, Cotripal and Cotrisal — to finance machinery and equipment for a soybean processing plant under construction.
- The loan, under the Fundo Clima – Máquinas Verdes program (the Climate Fund linked to the Environment Ministry and operated by BNDES), is part of a R$1.25 billion project to bring the cooperative into the biodiesel market.
- The credit has a two-year drawdown period, extendable by 12 months, and supports low-carbon transition and climate-adaptation goals alongside adding value to members' soybeans.
Summary
Brazil's development bank BNDES approved a R$150 million credit line for Soli3 União Central Cooperativa — a joint venture of the Rio Grande do Sul cooperatives Cotrijal, Cotripal and Cotrisal — to finance machinery and equipment for a soybean processing plant under construction. The loan, under the Fundo Clima – Máquinas Verdes program (the Climate Fund linked to the Environment Ministry and operated by BNDES), is part of a R$1.25 billion project to bring the cooperative into the biodiesel market. The credit has a two-year drawdown period, extendable by 12 months, and supports low-carbon transition and climate-adaptation goals alongside adding value to members' soybeans.
Original source title
BNDES aprova empréstimo de R$ 150 milhões à gaúcha Soli3 por meio do Fundo Clima
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